Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
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...
NAIC Told P/C Insurer Use of Arbitration Saves Time, Money
Mar 11 2003 // Property/casualty insurer use of arbitration as an alternative to the more formal and confrontational tort system results in a more efficient and equitable disposition of claims, benefiting both consumers and companies, a...
Vermont Receives NAIC’s URTT Award
Mar 11 2003 // The National Association of Insurance Commissioners recognized the State of Vermont for successfully implementing all 12 technology-based initiatives in the Uniform Regulation Through Technology (URTT) program. The award...
AAI in Support of NAIC’s ASSURE Project
Mar 7 2003 // The Alliance of American Insurers (AAI) is applauding state commissioners attending the National Association of Insurance Commissioners’ (NAIC) spring meeting in Atlanta for initiating a project aimed at increasing...
NAIC Names Wooley Chairman of Nat’l Consumer Protection Committees
Mar 7 2003 // Louisiana’s Acting Commissioner of Insurance, Robert Wooley, is the new chairman of two consumer protection committees by the president of the National Association of Insurance Commissioners (NAIC). NAIC President...
NAII Notes All States Have Addressed Privacy Legislation
Feb 24 2003 // Insurance companies with systems in place to meet state and Federal Privacy standards may need to do some “tweaking” to assure continued regulatory compliance, according to the National Association of...
NAII Notes All States Have Addressed Privacy Legislation, While Handful Have Proposals Pending
Feb 11 2003 // Insurance companies with systems in place to meet state and Federal Privacy standards may need to do some “tweaking” down the road to assure continued regulatory compliance, according to the National...
Terrorism Risk Insurance Program: A Progress Report
Feb 10 2003 // With a federal terrorism reinsurance backstop now in place, the industry is faced with implementing the provisions of the legislation in a timely and efficient manner. This has and will continue to require unprecedented...
Terrorism Risk Insurance Program: A Progress Report
Feb 10 2003 // With a federal terrorism reinsurance backstop now in place, the industry is faced with implementing the provisions of the legislation in a timely and efficient manner. This has and will continue to require unprecedented...
NAIC Adopts Credit Scoring Regulatory Options Paper
Jan 24 2003 // The Credit Scoring Working Group of the National Association of Insurance Commissioners (NAIC) has adopted a list of options for states to consider when reviewing insurance credit scoring proposals as well as a consumer...
Pa. Governor Approves NAIC Producer Licensing Model Act
Jan 1 2003 // Pennsylvania Gov. Mark Schweiker has approved the National Association of Insurance Commissioners’ Producer Licensing Act in a move applauded by the American Insurance Association (AIA). Language concerning...
Csiszar Reappointed as S. C. Director of Insurance
Dec 31 2002 // Governor-Elect Mark Sanford reappointed Ernst N. Csiszar as the South Carolina Director of Insurance. Csiszar was originally appointed as the Director of Insurance in 1999 under Governor Hodges’ Administration. Over...
NAIC Adopts Resolution as Flood Insurance Program Sunsets
Dec 17 2002 // Acting within hours of a request for assistance from the Federal Emergency Management Agency (FEMA), the National Association of Insurance Commissioners’ Property and Casualty Committee adopted a resolution to...
Alliance, NAII Host Meeting on Terrorism Risk Act Implementation
Dec 16 2002 // The success of the newly enacted federal Terrorism Risk Insurance Act hinges on how smoothly the implementation process will be for insurers faced with a number of compliance issues. Enactment of the new legislation...
