Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
Insurers Support NAIC’s Draft on Self-Audit Privilege
Feb 20 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...
Report Indicates Lloyd’s Will Pass NAIC Audit
Feb 15 2002 // Lloyd’s is apparently set to receive a clean bill of financial health from the auditors who’ve been examining its accounts, and evaluating its reserves, as part of last November’s agreement with the...
Changes to NAIC’s Record Retention Model Could Require Amendments to Existing State Statutes
Feb 14 2002 // Suggested changes to the National Association of Insurance Commissioners’ (NAIC) Market Conduct Record Retention Model Regulation could require that state legislatures amend existing statutes in order to achieve...
IIAA President Focuses on New Policy Position
Feb 13 2002 // The Independent Insurance Agents of America (IIAA) continues to support state insurance regulation and will be working closely with the National Association of Insurance Commissioners (NAIC) and other allies who support...
NAIC WINS AWARD FOR HUMAN RESOURCES MANAGEMENT
Feb 11 2002 // The National Association of Insurance Commissioners (NAIC) received the “Golden Circle Award” in Human Resources Management from the American Society of Association Executives. The NAIC won the top award in the...
NAII Tapped to Help NAIC Craft Privacy Notification Language
Feb 7 2002 // The National Association of Independent Insurers (NAII) has been named to a National Association of Insurance Commissioners’ (NAIC) task force to develop an example that insurance companies can use when sending...
NAIC Wins Award for Human Resources Management
Jan 30 2002 // The National Association of Insurance Commissioners (NAIC) has received the “Golden Circle Award” in Human Resources Management from the American Society of Association Executives. The NAIC won the top award in...
NAIC Changes Dates of Fall National Meeting
Jan 29 2002 // The National Association of Insurance Commissioners (NAIC) announced that the dates for its Fall National Meeting in New Orleans, La., have been changed to Sept. 9-12, 2002. The meeting will continue to be held at the New...
Statement Regarding NAIC’s Consumer Complaint Web Site
Jan 25 2002 // The National Association of Mutual Insurance Companies (NAMIC) recently released a statement asserting that despite concerns of over accuracy and appropriateness of information, the National Association of Insurance...
NAMIC REpresentative Warns of ‘Stultifying’ Economic Consequences of Reinsurance Shortage
Jan 21 2002 // Warren Heck, chairman and CEO of the Greater New York Mutual Insurance Company will explain to the NAIC’s Reinsurance Task Force the more general economic problems that accompany the post-9/11 reinsurance...
Regulators Should be Deliberate, Flexible When Considering Personal Lines Terrorism Exclusions
Jan 18 2002 // The National Association of Independent Insurers (NAII) has urged insurance regulators to “move with deliberation…on terrorism exclusions for personal lines” and to remain flexible when considering such...
Calif. Won’t Adopt Terror Exclusions
Jan 8 2002 // According to a Jan. 7 Los Angeles Times article, California has refused to allow insurers to adopt terrorism exclusion language, a move which has already been by approximately 20 other states in the wake of Sept. 11. The...
Welcome to the 3rd Annual “Top Ten Stories of the Year”
Dec 24 2001 // In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated...
Regulators Move Forward on Programs Designed to Prevent Market Problems, Standardize Exams
Dec 20 2001 // The National Association of Insurance Commissioners (NAIC) has begun developing a program to help states identify market conduct problems as early as possible and has adopted a proposal to make market conduct exams more...
NAII Testifies on Labeling for Privacy Notice Guidelines
Dec 20 2001 // The National Association of Independent Insurers (NAII) testified that privacy notification language being developed for insurers as a guideline should be i dentified as a “safe harbor” rather than a...
NAIC Committee Votes to Forbid Indemnification of Auditors by Their Mutual Audit Clients
Dec 18 2001 // In a firm gesture that told the accounting profession to face its responsibility in annual audits of mutual companies, an NAIC committee with jurisdiction over such audits has voted to forbid indemnification of auditors by...
NAIC Postpones Decision on Public Release of Individual Company Data
Dec 17 2001 // A committee of The National Association of Insurance Commissioners (NAIC) postponed adoption of model law amendments that would allow aggregate insurance company information to be released publicly, but left to state...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
Property and Casualty Commercial Rate and Policy Form Model Law Approved
Dec 14 2001 // State insurance commissioners have advanced a model law to modernize commercial rate and form filings, with final approval possible in the spring. A working group of the National Association of Insurance Commissioners...
NAMIC to Urge NAIC to Prohibit Auditor Indemnification
Dec 7 2001 // The National Association of Mutual Insurance Companies (NAMIC) will again urge the NAIC to prohibit auditor indemnification in engagements with mutual insurance companies. NAMIC’s Manager of Financial Regulation,...
