Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
State Regulators Deny Life Insurers’ Bid for Looser Capital Requirements
Jan 30 2009 // State insurance regulators voted against a proposal to loosen capital requirements for the battered life insurance industry, shooting down hopes for up to $30 billion in relief. The National Association of Insurance...
Change and Protect
Jan 25 2009 // Change is coming to Washington and to the NAIC but hopefully it’s change that will largely protect the status quo when it comes to insurance regulation. Last spring, we took it upon ourselves to urge the National...
Declarations
Jan 25 2009 // Name Change “While this name change reflects our vision for today and the future, it also brings into focus our long and rich history in this state.” —The Springfield-based Professional Independent Insurance...
Wisconsin Insurance Chief Dilweg Honored by Consumer Advocates
Jan 16 2009 // Consumer representatives to the National Association of Insurance Commissioners (NAIC) presented Wisconsin Insurance Commissioner Sean Dilweg with their Excellence in Consumer Advocacy Award at recently. The NAIC Consumer...
Former Iowa Commissioner Vaughan Named CEO of State Regulators’ NAIC
Jan 15 2009 // Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009. Vaughan replaces Catherine J....
NAIC to Examine Proposal to Modify Reinsurance Collateral Requirements
Dec 10 2008 // The National Association of Insurance Commissioners (NAIC) has adopted its Reinsurance Regulatory Modernization Framework Proposal, which modernizes U.S. state-based regulation of reinsurance. “This proposal sets...
Kansas Insurance Regulator Honored with Dineen National Award
Dec 10 2008 // The National Association of Insurance Commissioners (NAIC) honored a Kansas Insurance Department official with a national award at the NAIC’s winter meeting this month. Larry Bruning, chief actuary at department, was...
Florida Commissioner McCarty Elected Officer by Fellow Regulators
Dec 8 2008 // Florida Insurance Commissioner Kevin McCarty has been elected secretary-treasurer for the National Association of Insurance Commissioners (NAIC). Since his appointment as Florida’s insurance commissioner in 2003,...
Lloyd’s Sees NAIC’s Decision on Reinsurance Collateral ‘This Month’
Sep 16 2008 // A bulletin on the Lloyd’s web site (www.lloyds.com) notes that the National Association of Insurance Commissioners (NAIC) has confirmed it will meet “to consider the proposal to end collateral requirements...
House Subcommittee Moves Key Federal Insurance Regulation Bills
Aug 21 2008 // By Andrea Wells In a busy month for insurance issues on Capitol Hill, the U.S. House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises marked up bills creating a federal...
Insurance Legislators to Regulators: Slow Down Market Conduct Plan
Jul 16 2008 // Naming critical concerns regarding confidentiality and authority, the National Conference of Insurance Legislators (NCOIL) advised a slowdown of a market conduct annual statement (MCAS) proposal being considered by the...
House Subcommittee Moves Key Federal Insurance Regulation Bills
Jul 10 2008 // In a big week for insurance lobbyists, a key House subcommittee advanced three major insurance regulatory measures. The U.S. House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored...
Nation’s Insurance Commissioners Search for New CEO; Weatherford Exits
Jul 7 2008 // Catherine J. Weatherford, executive vice president and CEO of the National Association of Insurance Commissioners (NAIC) for the past 12 years, confirmed reports that she will be leaving the association. Weatherford is...
State Regulators Consider Centralizing Market Conduct Reporting
Jun 16 2008 // State insurance regulators want to centralize the filing and storage of their annual market conduct reports on insurance companies. The regulators are reviewing a proposal that would allow insurers to make one filing, as...
Special Protection
Jun 16 2008 // Consumers need a better understanding of insurance issues specific to their unique situations. Special relationships deserve protection, too. That’s the assessment of the National Association of Insurance...
State Regulators Call for More Study of Credit Scoring Use in Insurance
Jun 16 2008 // State regulators told Congress that more study of credit scoring use by insurance companies is needed to determine if the practice is unfairly discriminatory. “As state regulators, it is our sincere desire that the...
Special Protection
Jun 16 2008 // Consumers need a better understanding of insurance issues specific to their unique situations. Special relationships deserve protection, too. That’s the assessment of the National Association of Insurance...
Insurers Blast Insurance Regulators as Closed to Open Dialogue
Jun 4 2008 // The National Association of Insurance Commissioners is losing trust because it at times operates behind closed doors and is not open to dialogue with the insurance industry. That was the criticism of NAIC, as voiced by...
Survey: Nearly Half of Americans Unprepared for Disasters
Jun 3 2008 // As the nation braces for the hurricanes, wildfires, tornadoes and floods that accompany the spring and summer disaster season, nearly half of U.S. consumers are insufficiently prepared — in terms of their insurance...
