Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
Industry Coalition Praises Regulators’ Resolution to Support Terrorism Act Extension
Jun 14 2004 // A broad-based coalition of property/casualty insurance company, insurance producer and reinsurance trade associations commended the National Association of Insurance Commissioners (NAIC) for adopting a resolution...
NAMIC Says Existing Solvency Laws Provide More Protection Than SOX-based Proposal
Jun 10 2004 // As regulators prepare to convene in San Francisco this week for their summer meeting, the National Association of Mutual Insurance Companies (NAMIC) has announced its testimony at a June 14 National Association of...
NAIC Comments on A.M. Best Insurer Solvency Study
May 28 2004 // A recently published study by the A.M. Best Company, titled Best’s Insolvency Study: Property/Casualty U.S. Insurers, 1969-2002, provides further evidence that the national system of state-based insurance regulation...
NAMIC Urges NAIC to Table ‘Sarbanes-Oxley’ Proposals
May 27 2004 // The National Association of Mutual Insurance Companies has urged the National Association of Insurance Commissioners’ to table its current proposals to adopt parts of the federal Sarbanes-Oxley Act as part of state...
Insurers Prepare for a Post-TRIA World; ‘Baby Steps’ Toward Federal Regulation
May 17 2004 // Property/casualty insurers are coming to grips with the fact that a government-sponsored terrorism insurance backstop could expire at the end of next year, which would send pricing shockwaves through the market. Carriers...
Noted Calif Regulator to Retire After 31 Years
May 11 2004 // Senior California regulator Norris Clark, deputy commissioner for financial surveillance, will resign effective August 1. “In all sectors of the insurance industry he is known as a very influential regulator and a...
PCI Urges NAIC to Leave Insurance Scoring to States
May 3 2004 // National News • March 16 “I have been a State Farm agent 34 years and have a little over 2,000 cars insured. Because of credit scoring last year, I was only able to qualify nine new auto sales for the entire year....
PCI Urges NAIC to Leave Insurance Scoring to States
May 3 2004 // National News • March 16 “I have been a State Farm agent 34 years and have a little over 2000 cars insured. Because of credit scoring last year, I was only able to qualify nine new auto sales for the entire year....
PCI Urges NAIC to Leave Insurance Scoring to States
May 3 2004 // National News • March 16 “I have been a State Farm agent 34 years and have a little over 2000 cars insured. Because of credit scoring last year, I was only able to qualify nine new auto sales for the entire...
Insurer Group Voices Concerns Again Over Proposed Changes to Market Conduct Suveillance Act
Apr 8 2004 // The Property Casualty Insurers Association of America (PCI) again raised its concerns to the National Association of Insurance Commissioners’ (NAIC) Market Conduct Committee regarding their proposed changes to the...
Regulators Urge Congress to Act Before TRIA Expires in December of 2005
Apr 7 2004 // Key members of the National Association of Insurance Commissioners (NAIC) are urging Congressional leaders to act this year on a federal solution that will ensure insurance marketplace stability and economic security as...
MONTANA RECIEVES NAIC ACCREDITATION AWARD:
Apr 5 2004 // The insurance regulatory organization from Montana received Accreditation awards under the National Association of Insurance Commissioners’ (NAIC) Financial Regulation Standards and Accreditation Program. The honor...
Amendment to ‘Model Regulation’ Opens Door for Insurance Agents, Consumers, Life Settlement Industry
Mar 26 2004 // Consumers’ rights received a boost last week when a key committee of the National Association of Insurance Commissioners (NAIC) approved an amendment to that group’s Model Regulation (for settlements). The...
Ga. Commissioner Named Liaison to Hague Conference
Mar 23 2004 // The National Association of Insurance Commissioners (NAIC) recently announced that Georgia Insurance Commissioner John Oxendine has been named the NAIC liaison to the Hague Conference. In this role he will attend Hague...
PCI Applauds NAIC’s Rejection on “Alien Reinsurers” Funds
Mar 22 2004 // The Property Casualty Insurers Association of America issued a bulletin applauding the decision by the Reinsurance Task Force of the National Association of Insurance Commissioners to table consideration of an approved...
PCI Urges NAIC to Leave Insurance Scoring to States
Mar 16 2004 // The Property Casualty Insurers Association of America has issued a bulletin indicating that continued debate within the National Association of Insurance Commissioners’ Credit Scoring Working Group about definitions...
States Campaign Against Bogus Sales
Mar 16 2004 // State insurance commissioners are vowing to crack down on unauthorized insurance plans with a campaign to educate consumers about illegal sales. In its meeting in New York City, the National Association of Insurance...
Electronic State Filings Proving to be Popular
Mar 16 2004 // More and more insurers and states are using systems for electronically filing rates and forms to meet regulatory requirements, with the number of electronically filed forms tripling in the past year. For all of 2003, more...
NAIC Adopts Market Analysis Handbook
Mar 15 2004 // During a conference call this week, insurance regulators from across the country unanimously adopted the National Association of Insurance Commissioners‘ (NAIC) Market Analysis Handbook, which will be used as a tool...
Conn., Pa. Receive NAIC Accreditation Awards
Mar 15 2004 // The insurance regulatory organizations from Connecticut, Montana and Pennsylvania have received Accreditation awards under the National Association of Insurance Commissioners’ Financial Regulation Standards and...
