National Association of Insurance Commissioners News

Regulators, Watchdog at Odds With Insurance Actuaries Over Withdrawn Documents

A task force of the National Association of Insurance Commissioners is asking the board of directors of the Casualty Actuarial Society to reverse a decision rescinding a “statement of principles” of the profession, Carrier Management recently reported. The CAS action …

Securities, Commodities, Insurance Regulators Face Climate Issues

The Connecticut Legislature’s Insurance & Real Estate Committee held a public hearing this week on what is believed the country’s first bill requiring insurance companies to disclose the premiums they receive from fossil fuels. The bill, Senate Bill 1047, could …

Climate, AI, Privacy, Racial Bias Among State Insurance Regulators’ 2021 Priorities

The country’s insurance regulators are vowing to prioritize the monitoring of the use of consumer and non-consumer data by companies, the use of artificial intelligence, and the availability and affordability of insurance products for racial minorities. They say they will …

Arkansas’ Kerr Named Chair of NAIC’s Market Regulation, Consumer Affairs Committee

Arkansas Insurance Commissioner Allen Kerr has been named chairman of the Market Regulation and Consumer Affairs (D) Committee of the National Association of Insurance Commissioners (NAIC) for 2020. This is the second time Kerr will serve as chair of the …

Idaho Department of Insurance Director Voted NAIC Vice President-elect

Idaho Department of Insurance Director Dean L. Cameron has been voted vice president-elect of the National Association of Insurance Commissioners. Cameron served as Secretary-Treasurer of the NAIC for 2019. Starting Jan. 1, 2020, Cameron will become the organization’s vice president. …

Insurance Commissioner Confers with Connecticut Congressional Delegation

Connecticut Insurance Commissioner Andrew N. Mais joined more than 40 of his colleagues from the National Association of Insurance Commissioners (NAIC) last week to highlight important issues for members of U.S. Congress. Some of the topics raised were federal reforms …

So You Comply with New York Reg. 500: Now What?

In March of 2017, the New York Department of Financial Services (DFS) implemented 23 NYCRR §500 (NY Reg. 500). In doing so, it became the first state regulatory authority to impose regulations that address cybersecurity concerns applicable to insurance-related entities …

Idaho Commissioner Named NAIC Secretary-Treasurer

Dean Cameron, director of the Idaho Department of Insurance, has been elected secretary-treasurer of the National Association of Insurance Commissioners. Cameron is the first Idaho Insurance Commissioner ever elected to NAIC leadership. He and his fellow NAIC leaders, elected at …

S.C. Department of Insurance Director Farmer Named President-Elect at NAIC

South Carolina Department of Insurance Director Ray Farmer was elected to the position of president-elect at the NAIC (National Association of Insurance Commissioners) Fall National Meeting on November 18. Previously, Farmer served as secretary-treasurer and vice president at the NAIC. …

Carbon Copies of Flo, Jake, Gecko Join Climate Change Protest at NAIC Meeting

An angry Flo, an unusually sullen Jake, a less-than cheeky Gecko and a hawkish duck stood outside the National Association of Insurance Commissioners meeting in San Francisco on Thursday in protest to call out the industry for its investments in …