Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
States Support Life Insurance Law Caught Up in N.D. Conflict
Oct 18 2007 // N.H. commissioner weighs in on North Dakota insurance legislation Received by Newsfinder from AP Oct 16, 2007 19:34 Eastern Time Editors Note NH angle in 4th graf. By DALE WETZEL Associated Press Writer BISMARCK, N.D. (AP)...
Insurance Commissioner Group’s 2008 Budget Anticipates Revenue Growth
Oct 2 2007 // The National Association of Insurance Commissioners has begun setting its 2008 budget. The group will have more money to work with than it did in 2007. The 2008 budget proposes revenues and expenses of $68.2 million and...
N.D. Commissioner’s Departure Sparks Debate on Conflict of Interest
Oct 1 2007 // Consumer spokesmen want a national group of insurance regulators to toughen its conflict-of-interest policies, in part because of questions raised by last month’s resignation of former North Dakota Insurance...
Regulators Move to Align U.S. Reinsurance Regulation with Foreign
Sep 30 2007 // The nation’s insurance regulators are moving to modernize reinsurance regulation in the United States. The proposal — developed by a subgroup of the National Association of Insurance Commissioners’ (NAIC)...
More States Join Centralized Insurer Market Conduct Exam Initiative
Sep 30 2007 // Alabama, California, Montana, Rhode Island and Washington will begin requiring insurance companies to file annual statement data as part of a growing effort to make market conduct exams more efficient that now includes 30...
Open up to legislators, state commissioners!
Sep 24 2007 // The following is a letter sent by R.I. State Rep. Brian Patrick Kennedy, who is also vice president of the National Conference of Insurance Legislators, to Walter A. Bell, Alabama insurance commissioner and current...
R.I. Rep. Kennedy Urges More ‘Sunshine’ at Regulators’ Meetings
Aug 21 2007 // The nation’s insurance commissioners hold too many closed door sessions when they get together for meetings, according to a Rhode Island state lawmaker active on insurance issues. In a letter this week to the...
Kentucky Regulator Wins First Professional Designation
Aug 7 2007 // The National Association of Insurance Commissioners has awarded its first professional designation to Kathy Horsley of the Kentucky Office of Insurance. Horsley earned the Associate Professional of Insurance Regulation...
Editor’s Note: Size doesn’t matter
Jul 23 2007 // Big or small, company size is said not to matter in the insurance industry. At a recent agent/broker conference, Rick Quagliaroli, president and CEO of Strongwood Holdings Insurance Corp., told the audience that there are...
U.S. Regulators Ink Agreement with Korea’s Financial Supervisors
Jul 16 2007 // The National Association of Insurance Commissioners (NAIC) recently signed a Memorandum of Understanding (MOU) with Korea’s Financial Supervisory Commission and Financial Supervisory Service in Seoul, Korea. NAIC...
Editor’s Note: Consumer education still needed
Jun 18 2007 // An education isn’t how much you have committed to memory, or even how much you know. It’s being able to differentiate between what you do know and what you don’t. — Anatole France (1844 –...
Editor’s Note: Consumer education still needed
Jun 18 2007 // An education isn’t how much you have committed to memory, or even how much you know. It’s being able to differentiate between what you do know and what you don’t. — Anatole France (1844 –...
Consumers not informed about homeowners insurance, study says
Jun 18 2007 // A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from an array of perils, according to research by the National Association of Insurance Commissioners, which...
Insurers Urge Regulators to Keep McCarran-Ferguson
Jun 6 2007 // Insurers recently asked state regulators to oppose a bill pending in Congress that would eliminate the exemption insurers currently receive from some federal antitrust laws. At the National Association of Insurance...
Consumers Not Informed about Homeowners Insurance, Study Says
Jun 5 2007 // A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from a wide array of perils, according to new research by the National Association of Insurance Commissioners...
Editor’s Note: Protecting small businesses
May 21 2007 // Are your customers’ small businesses fully covered with all the insurance they need? Apparently the National Association of Insurance Commissioners (NAIC) had doubts about the extent to which the nation’s small...
Editor’s Note: Small businesses not always adequately covered . . .
May 21 2007 // The recent tornadoes, heavy rains and subsequent flooding that hit a good part of the Midwest in May remind all of us about insurance coverage issues. For many the reminder is about purchasing flood insurance for your...
‘Near Term’ Hurricane Models Used by Insurers Under Fire
Mar 29 2007 // Recent “near term” hurricane prediction models based on five-year forecasts are being skewered by consumer groups urging state regulators to reject them as a basis for hiking coastal property insurance...
The Commissioners: John Morrison
Mar 26 2007 // Montana fights for uninsured, seeks catastrophe fund and captives The hallmarks of John Morrison’s legacy as Montana State Auditor, the Commissioner of Insurance and Securities, is to help provide more affordable...
Ark. Insurance Commissioner, Staff to Hold NAIC Posts
Mar 20 2007 // The Arkansas Insurance Department reported that state Insurance Commissioner Julie Benafield Bowman has been elected vice-chair of the Southeastern Zone of the National Association of Insurance Commissioners (NAIC). Her...
