Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
NAII Cautions Commissioners on Market Conduct Annual Statement
Jun 12 2002 // A push by the National Association of Insurance Commissioners (NAIC) to establish a market conduct annual statement pilot program for insurers raises critical concerns in the areas of cost and confidentiality, according to...
AIA Sees Opportunities at NAIC Meeting June 8-11
Jun 10 2002 // Credit-based insurance scoring, speed to market, and market conduct are areas of opportunity at the upcoming meeting of the National Association of Insurance Commissioners (NAIC) for regulators to act on their commitment...
Insurers Offer Regulators Ideas on How to Maximize Data for Market Conduct Exam Process
Jun 6 2002 // In an effort to make the market conduct exam process more efficient, the P/C insurance industry has submitted a draft outline for a “Guide to Market Conduct Analysis” to the National Association of Insurance...
IIABA Asks Remaining States to Adopt Producer Licensing Reforms
Jun 4 2002 // With the signing of insurance producer licensing reform legislation by Tennessee Gov. Don Sundquist and the adoption of a similar proposal by the South Carolina legislature last week, a super-majority of 46 states have...
NAIC, Chinese Regulators to Cooperate as Insurance Ties with China Expand
May 24 2002 // Recent moves have confirmed the reality of the expanding Chinese insurance market. They include an agreement between U.S. and Chinese regulators to share information; an announcement that AIG has been granted a first ever...
Missouri’s Lakin to Moderate Kansas City Roundtable
May 22 2002 // The Missouri Department of Insurance announced that its director, Scott B. Lakin, will hosed a public roundtable discussion on key issues facing consumers and regulators in Kansas City on May 23. Five state insurance...
Regulators Hear Industry’s Cautions on Mixing Terrorism Risk and Natural Disasters in CAT Plan
May 8 2002 // A National Association of Insurance Commissioners (NAIC) committee wanting to add terrorism risk to an existing plan for catastrophe reserving has agreed to slow down after the National Association of Mutual Insurance...
Regulators Restore Exemptions Allowing Small Companies to Use Non-Actuaries
May 3 2002 // A National Association of Insurance Commissioners (NAIC) committee concerned with insurance companies’ actuarial reporting has retreated from an effort to make it more difficult for small companies to use...
Giving Credit Where Credit is Due
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has every heaped upon the consumer. Insurance companies, consumer advocates and regulators just...
Giving Credit Where Credit Is Due
Apr 29 2002 // To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has ever heaped upon the consumer. Insurance companies, consumer advocates and regulators just cannot...
NAIC Study Finds Wis. Has Lowest Homeowner Rates
Apr 3 2002 // A study by the National Association of Insurance Commissioners (NAIC) found that Wisconsin has the lowest prices for homeowners insurance in the U.S. Wisconsin insurance commissioner Connie O’Connell expects these...
Insurers Applaud NAIC Action
Apr 1 2002 // In a significant victory for the National Association of Independent Insurers (NAII), regulators were convinced that installment payment fees paid by policyholders should not be reported as written premium. The National...
Commercial Lines Modernization Model Adopted by NAIC
Mar 20 2002 // Insurers were pleased as the National Association of Insurance Commissioners (NAIC) adopted its Commercial Lines Rate and Form Model Act at its Executive Committee meeting during the Spring Meeting in Reno this week. The...
NAIC Spring Meeting Presents Full Agenda
Mar 14 2002 // Regulatory modernization, market conduct and examinations, and credit scoring will be the top issues at the National Association of Insurance Commissioners (NAIC) Spring Meeting (March 16 -19) in Reno, according to...
Lloyd’s Seems to be Weathering the Storm
Mar 11 2002 // After the record losses from the WTC attacks, two cash calls, a buffeting by the rating agencies, a proposed reorganization of its basic financial structure and an audit by the National Assoc-iation of Ins-urance...
NAIC SELF-AUDIT PRIVELEGE GETS SUPPORT
Mar 11 2002 // National Association of Insurance Commissioners’ (NAIC) draft language on self-audit legislation will help insurers comply with state laws and regulations without opening their doors to frivolous lawsuits or...
Lloyd’s Seems to be Weathering the Storm
Mar 11 2002 // Elton John’s “I’m Still Standing” could become Lloyd’s theme song—it’s a better fit than “Candle in the Wind.” After the record losses from the WTC attacks, two cash calls,...
NAIC Hosts Conference on International Issues
Feb 26 2002 // The National Association of Insurance Commissioners (NAIC) will host the International Issues Conference Feb. 28 and March 1, in Washington, D.C. The seminar is designed to explore recent developments in international...
CDI Urged to Wait before Implementing Proposed Privacy Regulations
Feb 25 2002 // We strongly encourage the Department to wait before they actually promulgate these regulations.” That sentiment was offered during testimony given Feb. 8, by Steve Young, senior vice president and general counsel for...
Insurers Applaud NAIC for Joining Fight Against OCC Attempt to Preempt State Regulation
Feb 21 2002 // Insurers praised the recent decision by the National Association of Insurance Commissioners’ (NAIC) Functional Regulation Working Group to file an amicus brief against the Office of Comptroller of the...
