Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
NAMIC SOX, Loss History Positions Sway State Insurance Legislators; NCOIL Adopts Broker Compensation Model Act
Mar 8 2005 // National Association of Mutual Insurance Companies (NAMIC) testimony convinced state insurance legislators to object to the application of Sarbanes-Oxley to mutual insurers and to not adopt a loss history database model...
Commissioner Cogswell Stays the Centrist Course in Connecticut
Mar 7 2005 // Under Pressure from AG Blumenthal and Critics, Regulator Sticks to Consensus Approach I’m willing to meet with just about anyone to sit down and discuss issues. That’s the most effective and efficient way to...
NCOIL March 5 General Session to Address Broker Compensation, Disclosure
Feb 28 2005 // Legislators will examine options to address broker compensation and disclosure concerns during a National Conference of Insurance Legislators’ general session scheduled March 5 in Hilton Head, N.C.. The discussion,...
Pa.’s Insurance Chief Koken Performs Balancing Act at Home and On the Road for NAIC
Feb 16 2005 // The nickname probably won’t be showing up anytime soon on the state’s license plates but Pennsylvania could be the Land of Stable Insurance Markets. Not that things are perfect but, according to Insurance...
NAIC Waives $790,000 Industry Assessment Fee
Feb 11 2005 // The National Association of Insurance Commissioners (NAIC) announced that the second installment of a 2004 fixed fee assessment for the NAIC’s Securities Valuation Office (“SVO”) will be waived. The...
PCIA Tells NAIC: SOX Compliance Could Cost Non-Public Insurers $1 B Annually
Feb 9 2005 // A spokesman for the Property Casualty Insurers Association of America told a National Association of Insurance Commissioners panel today in Orlando that a proposal to apply new requirements based on the Sarbanes-Oxley law...
Insurers Oppose Sarbanes-Oxley ‘404’ Proposal
Feb 8 2005 // A National Association of Insurance Commissioners panel this week will begin to discuss whether costly new audit measures based on the federal Sarbanes-Oxley (SOX) law should be imposed on non-public insurers despite...
NAIC Launches Online Insurance Fraud Reporting
Jan 28 2005 // The National Association of Insurance Commissioners (NAIC) is now featuring an online insurance fraud reporting system on the association’s Web site, http://www.naic.org/. The online fraud reporting system –...
People & Places
Jan 24 2005 // Tony Casabat Redwood City, Calif.-based ABD Insurance and Financial Services hired Tony Casabat as senior vice president/sales executive for the company’s Employee Benefits practice. Casabat, a longtime lead sales...
Insurers Regulator’s Broker Dealer Model Laudable But Still Too Broad
Jan 20 2005 // National Association of Insurance Commissioners efforts to address concerns surrounding broker compensation continue to be over-broad, going beyond the single problem that has been defined, according to comments filed...
PCI Has “Significant Doubts” Concerning NAIC’s Agent Disclosure Proposals
Jan 20 2005 // The Property Casualty Insurers Association of America has issued a bulletin indicating that it has some “significant doubts” concerning the NAIC’s proposed inclusion of disclosure duties on agents. The...
PIA National Will Oppose Broker Compensation Disclosure Model As Passed
Jan 6 2005 // The National Association of Professional Insurance Agents reiterated its opposition to the version of a compensation disclosure model law that was passed by a vote of 30-15 (with three abstentions) on Dec. 29, 2004, by the...
People & Places
Jan 3 2005 // Charles Cushner Kathleen Lawler The Independent Insurance Agents & Brokers of New York Inc. recently announced the addition of three new staff members. Kathleen A. Lawler is IIABNY’s new director of education,...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Jan 3 2005 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Indep-endent Insurance Agents &...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Jan 3 2005 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Independent Insurance Agents &...
Big ‘I’ Recognizes NAIC Efforts, Seeks Further Clarity
Dec 30 2004 // The Independent Insurance Agents & Brokers of America (the Big “I”) on Wednesday credited the National Association of Insurance Commissioners’ (NAIC) for its hard work on a compensation disclosure...
PCI Reacts Cautiously to NAIC’s Partial Producer Licensing Act Adoption
Dec 30 2004 // The Property Casualty Insurers Association of America has released a statement, indicating that the action of regulators to delay consideration of one critical section of the proposed amendment to its Producer Licensing...
Insurers Claim Regulators’ Open Meetings Policy Ignored
Dec 22 2004 // “Any NAIC deliberation or decision that has legal or persuasive effect on insurance law and regulation is the public’s business and must be conducted in a public setting,” stated a National Association of...
Agents, Insurers Seek Targeted Compensation Disclosure Rules
Dec 20 2004 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Independent Insurance Agents &...
Andrew Welsh-HugginsAgents, Insurers Seek Targeted Compensation Disclosure Rules
Dec 20 2004 // The model compensation disclosure measure under consideration by the nation’s state regulators has been met with generally guarded support from agents, brokers and insurers. The Independent Insurance Agents &...
