Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
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...
Va. Chief Insists SOX Debate Must Go On Despite Insurers’ Protests
Jul 4 2005 // The debate over insurance company financial reporting should center on the value of what is being reported by insurers and the effort to change the reporting rules must go on despite opposition by some, according to the...
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...
For Mutuals, SOX Rules Don’t Fit
Jun 20 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...
North Dakota Sets Example on Loss-History Databases
Jun 20 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...
North Dakota’s SB 2186 Should Be a Template for NAIC Model
Jun 20 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...
States Close In on Finite Reinsurance Disclosure Requirements
Jun 20 2005 // State insurance regulators moved closer to final adoption of model finite reinsurance disclosure language at the summer meeting of the National Association of Insurance Commissioners in Boston in early June. As they did,...
NAIC Requests Balanced Approach to Insurance Regulation at Hearing
Jun 16 2005 // The National Association of Insurance Commissioners (NAIC) testified on Thursday before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises regarding the impact of the SMART proposal on...
States Close In on Finite Reinsurance Disclosure; N.Y. Agrees to Adopt Model
Jun 13 2005 // State insurance regulators moved closer to final adoption of a model finite reinsurance disclosure regulation at the summer meeting of the National Association of Insurance Commissioners in Boston this weekend. As they...
FBI Targets Insurance in Probe of Carrier, Agent and PEO Practices
May 23 2005 // The insurance industry, already under scrutiny in some segments by state and federal authorities for various compensation, reinsurance, bid-rigging and accounting practices, now faces another questioner. The Federal Bureau...
PCI: States Need to Take Uniform Approach on Finite Risk Inquiries, Rules
May 23 2005 // As an increasing number of state regulators conduct inquiries and tighten accounting rules and reporting requirements for finite reinsurance transactions, one P/C trade group is urging regulators to take a consistent...
NAIC Reports California Workers’ Comp Finally Moved into the Black in 2003
May 17 2005 // Last month, the National Association of Insurance Commissioners (NAIC) released its “Report on Profitability by Line by State” for calendar year 2003 (see CWCI Bulletin 05-07). The NAIC report provides...
PCI: States Need to Take Uniform Approach on Finite Risk Inquiries and Rules
May 10 2005 // As an increasing number of state regulators conduct inquiries and tighten accounting rules and reporting requirements for finite reinsurance transactions, one property/casualty insurer trade group is urging regulators to...
NAIC Chief Koken of Pa. Says States are Watching AIG Closely
May 5 2005 // Responding to the announcement from American International Group that it was restating its financial statements for the years 2000 to present, and that the filing of its 2004 annual report would again be delayed,...
FBI Targets Insurers in Widening Fraud Probe; Industry Responds
May 5 2005 // The insurance industry, already under scrutiny by state and federal authorities for various practices, now faces another questioner. The Federal Bureau of Investigation has launched a probe of the insurance industry that...
NAIC, Md.’s Redmer Press for Flood Program Review
Apr 8 2005 // The National Association of Insurance Commissioners has formed a working group to examine issues with the National Flood Insurance Program in light of Hurricane Isabel complaints and experiences with other recent storms by...
