Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
State Regulator, Former Congressman Caution Insurers on Federal Regulatory Intervention
Nov 19 2003 // A leading state regulator and a former U.S. Representative warned insurers that expanding congressional oversight of the industry may worsen rather than improve the regulatory system. Ernst Csiszar, South Carolina...
LDI Gets High Marks From NAIC
Nov 19 2003 // Louisiana Commissioner of Insurance Robert Wooley announced that he and his staff at the Louisiana Department of Insurance have a lot to celebrate in December. Wooley said the accreditation team of the National Association...
Insurers Question NAIC Budget Reserves
Nov 17 2003 // Insurance industry representatives are unhappy with a budget proposed by the National Association of Insurance Commissioners, the quasi-governmental body that collects insurers’ annual financial statements and...
PICKENS PROMOTES NAIC PLAN:
Nov 17 2003 // Arkansas Insurance Commissioner Mike Pickens told members of the House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises that regulating insurance is a function of the states, a system that...
Insurers Question NAIC Budget Reserves
Nov 17 2003 // Insurance industry representatives are once again unhappy with a proposed budget of the National Association of Insurance Commissioners (NAIC), the quasi-governmental body that collects insurers’ annual financial...
Agents Tout Pragmatic Reforms During House Hearing
Nov 7 2003 // Former Independent Insurance Agents & Brokers of America (IIABA) President Tom Ahart and Ronnie Tubertini, chairman of IIABA’s Government Affairs Committee, on Thursday provided their perspectives on the current...
Pickens Promotes NAIC’s Modernization Plan in Congress
Nov 7 2003 // Arkansas Insurance Commissioner Mike Pickens told members of the House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises that regulating the business of insurance is a function of the states,...
Alliance Recommends NAIC Return Some Fees to Companies
Nov 5 2003 // The Alliance of American Insurers this week urged the National Association of Insurance Commissioners (NAIC) to show they are serious about modernizing state regulation by reducing the monies they are collecting from...
Insurers Raise Concerns About Excessive Growth of the NAIC Surplus
Oct 24 2003 // Two major property/casualty trade associations have expressed serious concerns about a large surplus in the National Association of Insurance Commissioners’ (NAIC) proposed 2004 budget. For the three-year period...
NAIC, NCOIL Address Concerns in GAO’s Market Conduct Report
Oct 13 2003 // A recently released General Accounting Office’s (GAO) report identified the need for states to develop uniform market conduct oversight programs that include all states and a program to encourage adoption of these...
Under the Gun, NAIC Recommits to Modernization
Oct 6 2003 // In response to congressional pressure to more effectively regulate insurance at the state level or face federalization, the National Association of Insurance Commissioners (NAIC) unanimously passed its revised statement of...
Under the Gun, NAIC Recommits to Modernization
Oct 6 2003 // In response to congressional pressure to more effectively regulate insurance at the state level or face federalization, the National Association of Insurance Commissioners (NAIC) unanimously passed its revised statement of...
States Fight Back as Federal Takeover of State Regulation Threatens
Sep 22 2003 // When I first became an insurance regulator in 1999, I was alarmed by the aggressive tone of those who were advocating for a takeover of state insurance regulation by the federal government. At that time, I mentioned to...
States Fight Back as Federal Takeover of State Regulation Threatens
Sep 22 2003 // When I first became an insurance regulator in 1999, I was alarmed by the aggressive tone of those who were advocating for a takeover of state insurance regulation by the federal government. At that time, I mentioned to...
NAIC Releases Proposed 2004 Budget
Sep 22 2003 // The National Association of Insurance Commissioners (NAIC) released its proposed budget for the year 2004 during its Fall National Meeting and announced a public hearing to discuss the budget via a conference call...
Broker-Dealers as Custodians Get Qualified OK in Close NAIC Vote
Sep 18 2003 // In a 6-4 vote Sept. 17, the National Association of Insurance Commissioners (NAIC) top-level Financial Condition (E)Committee gave a tentative endorsement to allowing securities broker-dealers to function additionally as...
NAMIC Urges NAIC Not to Increase Risk-Based Capital Levels
Aug 26 2003 // The National Association of Mutual Insurance Companies (NAMIC) has asked the National Association of Insurance Commissioners (NAIC) not to increase the Risk Based Capital (RBC) risk factor for property/casualty...
Ark. Average Auto Rates Reportedly Lower than Most Surrounding States
Aug 1 2003 // Arkansas Insurance Commissioner Mike Pickens announced the existence of a lower auto rate in Arkansas than in all surrounding states, with Tennessee being the state of exception. Arkansas ranked 33rd in 2001 for the...
Alliance Again Characterizes NAIC Report on N.J. Auto Costs as ‘Misleading’
Jul 30 2003 // The National Association of Insurance Commissioners’ (NAIC) state rankings of auto insurance premiums is “at best a misleading barometer of who pays how much for car insurance in New Jersey,” according to...
NCOIL to Develop Market Conduct Model Law; Seeks NAIC Input; NAMIC Comments
Jun 25 2003 // The National Conference of Insurance Legislators (NCOIL) leadership said before the Executive Committee of the National Association of Insurance Commissioners (NAIC) that after more than four years of examination, NCOIL...
