National Association of Insurance Commissioners News

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 ยง500 (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 …

The State of NAIC’s Data Security Model Law

Most states have yet to adopt a cyber security model law for the insurance industry like the one approved by the National Association of Insurance Commissioners in 2017, but one expert believes the industry should be prepared for what he …

California Commissioner Named Chair of New NAIC Cannabis Committee

The National Association of Insurance Commissioners has named California Insurance Commissioner Dave Jones chair of its new Cannabis Insurance Working Group. Jones proposed that the NAIC establish this working group the NAIC’s Summer National Meeting. The reason for creating the …

Report: California Workers’ Comp Direct Written Premiums Fell

California workers’ compensation covered payroll rose last year, but the average premium rate charged to employers fell 10 percent, so total direct written premium in the system declined by $192 million to $12.77 billion in 2071, 1.5 percent less than …

Retiring Commissioner Sevigny Talks State Regulation, Being a Good Leader

New Hampshire Insurance Commissioner Roger Sevigny is planning to retire this summer after 16 years with the New Hampshire Insurance Department. His current term ends on June 11. Prior to his 16 years working as a regulator in the state …

Oklahoma Insurance Commissioner Tapped to Chair Antifraud Task Force

Oklahoma Insurance Commissioner John D. Doak has been named chair of the National Association of Insurance Commissioners’ (NAIC) Antifraud (D) Task Force. He also was named to the International Insurance Relations (G) Committee, Executive (EX) Committee and Property and Casualty …