Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
Alliance Recommends NAIC Return Some Fees to Companies
Nov 5 2003 // The Alliance of American Insurers this week urged the National Association of Insurance Commissioners (NAIC) to show they are serious about modernizing state regulation by reducing the monies they are collecting from...
Insurers Raise Concerns About Excessive Growth of the NAIC Surplus
Oct 24 2003 // Two major property/casualty trade associations have expressed serious concerns about a large surplus in the National Association of Insurance Commissioners’ (NAIC) proposed 2004 budget. For the three-year period...
NAIC, NCOIL Address Concerns in GAO’s Market Conduct Report
Oct 13 2003 // A recently released General Accounting Office’s (GAO) report identified the need for states to develop uniform market conduct oversight programs that include all states and a program to encourage adoption of these...
Under the Gun, NAIC Recommits to Modernization
Oct 6 2003 // In response to congressional pressure to more effectively regulate insurance at the state level or face federalization, the National Association of Insurance Commissioners (NAIC) unanimously passed its revised statement of...
Under the Gun, NAIC Recommits to Modernization
Oct 6 2003 // In response to congressional pressure to more effectively regulate insurance at the state level or face federalization, the National Association of Insurance Commissioners (NAIC) unanimously passed its revised statement of...
States Fight Back as Federal Takeover of State Regulation Threatens
Sep 22 2003 // When I first became an insurance regulator in 1999, I was alarmed by the aggressive tone of those who were advocating for a takeover of state insurance regulation by the federal government. At that time, I mentioned to...
States Fight Back as Federal Takeover of State Regulation Threatens
Sep 22 2003 // When I first became an insurance regulator in 1999, I was alarmed by the aggressive tone of those who were advocating for a takeover of state insurance regulation by the federal government. At that time, I mentioned to...
NAIC Releases Proposed 2004 Budget
Sep 22 2003 // The National Association of Insurance Commissioners (NAIC) released its proposed budget for the year 2004 during its Fall National Meeting and announced a public hearing to discuss the budget via a conference call...
Broker-Dealers as Custodians Get Qualified OK in Close NAIC Vote
Sep 18 2003 // In a 6-4 vote Sept. 17, the National Association of Insurance Commissioners (NAIC) top-level Financial Condition (E)Committee gave a tentative endorsement to allowing securities broker-dealers to function additionally as...
NAMIC Urges NAIC Not to Increase Risk-Based Capital Levels
Aug 26 2003 // The National Association of Mutual Insurance Companies (NAMIC) has asked the National Association of Insurance Commissioners (NAIC) not to increase the Risk Based Capital (RBC) risk factor for property/casualty...
Ark. Average Auto Rates Reportedly Lower than Most Surrounding States
Aug 1 2003 // Arkansas Insurance Commissioner Mike Pickens announced the existence of a lower auto rate in Arkansas than in all surrounding states, with Tennessee being the state of exception. Arkansas ranked 33rd in 2001 for the...
Alliance Again Characterizes NAIC Report on N.J. Auto Costs as ‘Misleading’
Jul 30 2003 // The National Association of Insurance Commissioners’ (NAIC) state rankings of auto insurance premiums is “at best a misleading barometer of who pays how much for car insurance in New Jersey,” according to...
NCOIL to Develop Market Conduct Model Law; Seeks NAIC Input; NAMIC Comments
Jun 25 2003 // The National Conference of Insurance Legislators (NCOIL) leadership said before the Executive Committee of the National Association of Insurance Commissioners (NAIC) that after more than four years of examination, NCOIL...
AIA In Support of Mandatory Arbitration to Hold Down Litigation Costs
Jun 24 2003 // In testimony over the weekend during the National Association of Insurance Commissioner’s (NAIC) summer meeting, the American Insurance Association (AIA) supported the continued availability of mandatory pre-dispute...
Insurers Ask NAIC to Nix Plans to Extend Pilot Project
Jun 17 2003 // The property/casualty industry voiced its “strongest objections” to any decision by the National Association of Insurance Commissioners (NAIC) to extend the annual statement data collection parameters of their...
Associations Tell NAIC Not to Reduce Collateral, Requirements for Alien Reinsurers
Jun 11 2003 // The four property/casualty trade associations, joined by a workers’ compensation and a reinsurance association, have joined together to ask the National Association of Insurance Commissioners (NAIC) to reject any...
Alliance Praises NAIC Adoption of Strong Asbestos Resolution
May 15 2003 // The adoption Wednesday of an asbestos resolution by the National Association of Insurance Commissioners will reportedly give insurers and other parties seeking to rein in runaway litigation costs an important arrow in...
PIA National Board Endorses NAIC ASSURE Initiative
Apr 14 2003 // One day after meetings with National Association of Insurance Commissioners (NAIC) president Mike Pickens, the PIA National Board of Directors unanimously adopted a resolution reaffirming PIA’s support of a major...
NAIC President to Address PIA National
Mar 17 2003 // Mike Pickens, president of the National Association of Insurance Commissioners (NAIC), will address the National Association of Professional Insurance Agents on April 5, in Arlington, Va. Pickens will speak on industry...
AAI Calls Further NAIC Study of Credit Scoring Impractical
Mar 12 2003 // Conducting a study of the disparate impact of insurer use of credit scoring would be expensive and generate no corresponding benefit to consumers, according to the Alliance of American Insurers (AAI). A disparate impact...
