National Association of Insurance Commissioners News

Conn. Gov.: When It Comes to Insurance Regulation, States Are Here to Stay

Speaking at the National Association of Insurance Commissioners’ International Insurance Forum, Connecticut Gov. Dannel P. Malloy told a crowd of U.S. and international regulators and insurance representatives that when it comes to insurance regulation, states are “here are stay” and …

Maine Insurance Bureau Announces New Online Auto, Homeowners Resources

Maine Governor Paul R. LePage and Insurance Superintendent Eric Cioppa recently announced that the Bureau of Insurance now offers new online resources for consumers who want to compare auto and homeowners insurance policies. Regulators said downloadable copies of policy forms …

Ohio’s Financial Responsibility Law in Effect; Will Higher Auto Insurance Rates Follow?

While Ohio has traditionally had some of the lowest auto insurance premium rates in the country, going forward some Ohioans may see their rates rising. That’s because an increase in the state’s minimum limit of coverage for financial responsibility went …

Texas No Longer No. 1 in High Home Insurance Rates

An industry group says Texas homeowners no longer are paying the highest insurance rates in the country, a distinction that now goes to Florida residents. The National Association of Insurance Commissioners has released its annual report showing that while premiums …

Report Calls for Prior Approval for All States

Holding automobile insurance regulation in California as an example, the Consumer Federation of America issued a report on Tuesday showing that auto insurance expenditures in America rose by 43 percent on average over the past quarter century. The report holds …

NAIC: Alaska Implements SBS

Alaska has implemented the State Based Systems, an electronic system owned by the National Association of Insurance Commissioners, it was announced on Monday. The purpose of NAIC’s SBS initiative is to provide a comprehensive, internet-based application for state regulators in …

State Insurance Regulators Invoke Jefferson to Limit Federal Role

State insurance regulators are drawing on the country’s founding principles as they resist international pressure to give the federal government a greater role in overseeing the industry. Ben Nelson, chief executive officer of the National Association of Insurance Commissioners and …

Dividend Declared in Oregon Restaurant and Lodging Liability Program

Liberty Mutual Insurance recently declared a 5 percent dividend for businesses participating in the Oregon Restaurant and Lodging Association Safety Group Dividend Property & Liability Program. The nearly $165,000 dividend is 5 percent of eligible earned premiums to be distributed …

Conn.-Based Insurers Now Required to Participate in NAIC Climate Risk Surveys

Connecticut Insurance Commissioner Thomas Leonardi today announced that Connecticut-based insurance companies will now be required to complete the annual Climate Risk Survey that was initially adopted in 2009 as a voluntary report by the National Association of Insurance Commissioners (NAIC). …

Wildfires, Hail Take Toll on Colorado Homeowners Insurance

It’s safe to say there’s a lot going on in the homeowners insurance scene in Colorado, where homeowners insurance rates are likely to be on the rise for some time. Insured losses from the recently doused Black Forest fire should …