The National Association of Insurance Commissioners announced that the Arizona Department of Insurance has licensed State Based Systems, an NAIC-owned and operated regulatory tool. “We are confident in the ability of SBS to help us significantly streamline our processes and …
After Symetra Financial Corp. was formed in 2004, the life insurer set up shop in a 25-story glass tower outside Seattle, put its name on the building and pushed the state to adopt more favorable rules for its business. The …
Alaska has implemented the State Based Systems, an electronic system owned by the National Association of Insurance Commissioners, it was announced on Monday. The purpose of NAIC’s SBS initiative is to provide a comprehensive, internet-based application for state regulators in …
Connecticut Insurance Commissioner Thomas Leonardi today announced that Connecticut-based insurance companies will now be required to complete the annual Climate Risk Survey that was initially adopted in 2009 as a voluntary report by the National Association of Insurance Commissioners (NAIC). …
MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the biggest insurers under the Dodd-Frank law. The insurers and watchdogs are pressuring the Fed to avoid bank-like capital rules …
California workers’ compensation insurers’ average return on net worth increased for the second year in a row in 2011, according to the latest National Association of Insurance Commissioners report on insurer profitability. The report shows California insurers’ 2011 return improved …
U.S. insurance regulators will continue a program of information sharing and cooperation that helps their counterparts in China learn about insurance regulatory practices in the U.S. The National Association of Insurance Commissioners (NAIC) said it has signed a Memorandum of …
Former Nebraska Senator Ben Nelson has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), the organization for state insurance regulators and advocacy group for state-level insurance regulation. Nelson will become the organization’s chief spokesperson in …
The National Association of Insurance Commissioners (NAIC) recently named 29 consumer liaison representatives for 2013. The 20 funded and nine unfunded consumer representatives begin their terms Jan. 1, 2013. All 20 of the funded consumer representatives participated in the program …
State insurance regulators, working cooperatively through the National Association of Insurance Commissioners (NAIC), are coordinating efforts to assist New Jersey and other Eastern Seaboard residents in the aftermath of Superstorm Sandy. To help field calls and respond to residents’ needs, …
