Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
NAMIC Not Part of Group Submitting Alternate Proposal to NAIC on SOX-Like Internal Control
Oct 13 2005 // Maintaining its position that such measures are unwarranted for mutual insurers, the National Association of Mutual Insurance Companies (NAMIC) was reportedly not part of an industry interested parties’ group...
NAIC Market Analysts ‘Mars’ Now Available for State Market Analysts
Oct 11 2005 // The National Association of Insurance Commissioners (NAIC) announced that the Market Analysis Review System (MARS) is now available for use by all state market analysts. This technological enhancement, which reflects...
Mich. Joins NAIC Settlement with Marsh
Sep 28 2005 // Michigan joined with over 30 state insurance regulators, working collaboratively through the National Association of Insurance Commissioners (NAIC), and announced a multi-state regulatory settlement with the nation’s...
N.D., S.D., Iowa Drivers Enjoy Lowest Auto Rates: NAIC Report
Sep 23 2005 // According to the NAIC’s “State Average Expenditures & Premiums for Personal Auto Insurance in 2003,” North Dakota drivers enjoy the lowest average auto insurance premiums in the nation. North...
NAIC Reports Multi-State Regulatory Settlement with Marsh & McLennan Cos.
Sep 21 2005 // More than 30 state insurance regulators working collaboratively through the National Association of Insurance Commissioners (NAIC) on Wednesday announced a multi-state regulatory settlement with the nation’s largest...
NAIC Releases 2006 Budget
Sep 19 2005 // The National Association of Insurance Commissioners has released its proposed budget for 2006, which calls for projected revenue of $59.3 million, a .18 percent increase over 2005 budget levels. Projected expenses of $58.3...
NAIC Introduces Online Fraud System
Sep 16 2005 // With the goal in mind to obtain uniformity in insurance regulation, address concerns expressed by the industry, and ultimately, to protect consumer interests, the National Association of Insurance Commissioners (NAIC) has...
NAIC Unveils Enhanced Web Site
Sep 15 2005 // The National Association of Insurance Commissioners (NAIC) has redesigned its Web site with a more user-friendly format for both NAIC members and first-time visitors. Work on the new site began in May after an internal...
Regulators Say Industry Prepared for Katrina’s Cost
Sep 2 2005 // The National Association of Insurance Commissioners (NAIC) says that while the damages from Hurricane Katrina may set record losses, the property and casualty industry maintains the adequate capital and liquidity required...
UPDATE: NAIC Fall National Meeting Canceled in Wake of Katrina
Aug 30 2005 // The National Association of Insurance Commissioners (NAIC) decided on Wednesday to cancel their fall conference, scheduled for New Orleans from Sept. 10-13. Approximately 1,500 insurance regulators, industry...
PCI Disappointed with Recent Dialogue on NAIC Insurer Receivership Model Act
Aug 24 2005 // The Property Casualty Insurers Association of America (PCI) expressed disappointment recently with the latest direction taken by the National Association of Insurance Commissioners’ (NAIC) Financial Conditions (E)...
PCI Expresses Concerns Regarding NAIC Insurer Receivership Model Act
Aug 10 2005 // The Property Casualty Insurers Association of America (PCI) expressed serious concerns last week regarding the Insurer Receivership Model Act (IRMA) at the National Association of Insurance Commissioners’ (NAIC)...
NAMIC: State Actions Render Proposed NAIC Claims History Model “Irrelevant”
Aug 9 2005 // Creating a model act to establish a property claim history database would be “irrelevant,” given legislative action that has already occurred in the states wrote the National Association of Mutual Insurance...
A Consumer View on Loss-History Databases
Jul 18 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
New SOX Rules Don’t Fit Mutual Insurers for Size
Jul 18 2005 // For mutual property/casualty insurers, year-one SOX compliance costs would exceed $300 million. It’s obvious to us at the National Association of Mutual Insurance Cos. that there are crucial differences between...
A Consumer View on Loss-History Databases
Jul 18 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
New SOX Rules Don’t Fit Mutual Insurers for Size
Jul 18 2005 // It’s obvious to us at the National Association of Mutual Insurance Cos. that there are crucial differences between public and mutual insurers. That’s why we oppose the National Association of Insurance...
NAIC Emphasizes Need for Federal Terrorism Backstop
Jul 8 2005 // National Association of Insurance Commissioners (NAIC) warns that significant market disruptions could develop with the Federal Terrorism Risk Insurance Act’s (TRIA) expiration on Dec. 31, 2005, the law’s...
SOX Debate Must Go On Despite Insurers’ Protests, Va.’s Gross Insists
Jul 7 2005 // The debate over insurance company financial reporting should center on the value of what is reported and the effort to change the rules must go on despite opposition by some, according to the state insurance commissioner...
For Mutuals, SOX Rules Don’t Fit
Jul 4 2005 // Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance...
