National Association of Insurance Commissioners (NAIC) News

South Carolina Insurance Director Farmer Elected as NAIC Secretary-Treasurer

South Carolina Insurance Director Ray Farmer was elected to fill the position of secretary-treasurer of the National Association of Insurance Commissioners During a Plenary meeting by members, effective immediately. Farmer is replacing former Texas Insurance Commissioner David Mattax, who passed …

Insurance Regulators Exploring Ways to Protect Consumers in Age of Big Data

The incorporation of “Big Data” from Internet-based sources is a defining feature of underwriting and rating in today’s property/casualty insurance market. In light of that, the National Association of Insurance Commissioners (NAIC), through its Big Data Task Force, is exploring …

Arkansas Has Lowest Auto Insurance Rates in South Central Region

Arkansas has lower auto insurance rates than the neighboring states of Louisiana, Oklahoma and Texas, the state insurance department reported. The Arkansas Insurance Department says a study by the National Association of Insurance Commissioners (NAIC) shows auto insurance rates in …

Arkansas Commissioner Tapped for NAIC Committee Leadership Post

Arkansas Insurance Commissioner Allen Kerr has been named vice-chairman of the Market Regulation and Consumer Affairs (D) Committee of the National Association of Insurance Commissioners (NAIC). In a statement released by the Arkansas Insurance Department, Kerr said he is “honored …

Ohio Insurer Disclosure Bill Passed by Legislature

The recent passage of consumer protection legislation provides the Ohio Department of Insurance with better, more common sense tools when it comes to evaluating the financial health of Ohio’s insurance industry, according to Lt. Governor Mary Taylor. Taylor also serves …

Louisiana Insurance Department Chief Actuary Honored by NAIC

Louisiana Department of Insurance Chief Actuary Rich Piazza has been awarded the Robert Dineen Award for Outstanding Service and Contribution to the State Regulation of Insurance by the National Association of Insurance Commissioners (NAIC). The award honors a staff member …

Tennessee Insurance Commissioner McPeak Elected NAIC President-Elect

Tennessee Department of Commerce & Insurance (TDCI) Commissioner Julie Mix McPeak will serve in 2017 as president-elect of the National Association of Insurance Commissioners (NAIC), the nation’s insurance regulatory support organization. McPeak was recently elected to the post during the …

Wisconsin Commissioner Elected President of NAIC for 2017

Wisconsin Insurance Commissioner Ted Nickel has been elected as president of the National Association of Insurance Commissioners (NAIC). Created in 1871, the NAIC establishes standards and conducts peer reviews for insurance regulatory agencies across the nation. In addition to Nickel, …

Oklahoma, Texas Insurance Commissioners Elected to NAIC Leadership Posts

Texas Commissioner of Insurance David Mattax has been elected secretary-treasurer of the National Association of Insurance Commissioners (NAIC), and Oklahoma Insurance Commissioner John D. Doak was elected vice chair of the group’s Midwest Zone. The NAIC establishes standards and conducts …

Former Florida Commissioner McCarty Recognized for International Insurance Work

The International Association of Insurance Supervisors (IAIS) has recognized former Florida Insurance Commissioner Kevin M. McCarty for his service to international insurance regulation. McCarty is a past president of the National Association of Insurance Commissioners (NAIC) and was nominated by …