Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers
Aug 3 2009 // Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly...
South Carolina Chief Refutes Legislative Audit Critical of Some Insurance Department Work
Jul 20 2009 // A report by the auditing arm of the South Carolina Legislature has concluded that the state insurance department overall does a good job regulating insurance companies and their rates but it could do a better job of...
South Carolina Insurance Chief Faults Legislative Audit of Department
Jul 6 2009 // A report by the auditing arm of the South Carolina Legislature has concluded that the state insurance department overall does a good job regulating insurance companies and their rates but it could do a better job of...
National Insurance Producer Licensing Bill Reintroduced in Congress
May 22 2009 // Federal legislation designed to streamline licensing for insurance agents and brokers operating in multiple states has been reintroduced in Congress. The legislation (HR 2554), the National Association of Registered Agents...
As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises
May 4 2009 // Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their...
Liaisons Highlight Consumer Insurance Concerns
Apr 6 2009 // Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such...
Sonnichsen to be Chief Contact in D.C. on State Insurance Regulation
Mar 27 2009 // The National Association of Insurance Commissioners (NAIC) has named Ethan Sonnichsen as Government Relations director. Sonnichsen previously served as Government Relations manager. In his new position, Sonnichsen is...
As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises
Mar 23 2009 // With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. They are also warning insurers...
How Consumer Reps Feel About Internet Sales, State Regulation
Mar 23 2009 // Consumer Advisors See Pros and Cons to Internet; Role of Independent Agent Clouded By Commissions Insurance Journal spoke with some of the National Association of Insurance Commissioners (NAIC) consumer liaisons and found...
Insurers’ Use of Credit Scores Faces Renewed Scrutiny by Regulators
Mar 17 2009 // The National Association of Insurance Commissioners (NAIC) has adopted a proposal to review the use of credit-based insurance scoring. The NAIC said it will convene a public hearing to take testimony on how the insurance...
Texas Insurer Group Takes Issue with NAIC Homeowner Report
Mar 4 2009 // The National Association of Insurance Commissioner recently issued its annual report on homeowners insurance. The report, based on figures from 2006, the latest year from which data is available, ranks Texas as having the...
People
Feb 8 2009 // Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009. Vaughan replaces Catherine J....
Change and Protect
Feb 8 2009 // Change is coming to Washington and to the National Association of Insurance Commissioners, but hopefully it’s change that will protect the status quo when it comes to insurance regulation. Last spring, the editors at...
State Regulators Deny Life Insurers’ Bid for Looser Capital Requirements
Jan 30 2009 // State insurance regulators voted against a proposal to loosen capital requirements for the battered life insurance industry, shooting down hopes for up to $30 billion in relief. The National Association of Insurance...
Change and Protect
Jan 25 2009 // Change is coming to Washington and to the NAIC but hopefully it’s change that will largely protect the status quo when it comes to insurance regulation. Last spring, we took it upon ourselves to urge the National...
Declarations
Jan 25 2009 // Name Change “While this name change reflects our vision for today and the future, it also brings into focus our long and rich history in this state.” —The Springfield-based Professional Independent Insurance...
Wisconsin Insurance Chief Dilweg Honored by Consumer Advocates
Jan 16 2009 // Consumer representatives to the National Association of Insurance Commissioners (NAIC) presented Wisconsin Insurance Commissioner Sean Dilweg with their Excellence in Consumer Advocacy Award at recently. The NAIC Consumer...
Former Iowa Commissioner Vaughan Named CEO of State Regulators’ NAIC
Jan 15 2009 // Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009. Vaughan replaces Catherine J....
NAIC to Examine Proposal to Modify Reinsurance Collateral Requirements
Dec 10 2008 // The National Association of Insurance Commissioners (NAIC) has adopted its Reinsurance Regulatory Modernization Framework Proposal, which modernizes U.S. state-based regulation of reinsurance. “This proposal sets...
