Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
Lloyd’s, NAIC Report Compromise
Oct 26 2001 // Lloyd’s and the National Association of Insurance Commissioners have reportedly reached a compromise on the deposit Lloyd’s must make to the reinsurance trust fund to guarantee payments of its estimated claims...
NAIC Withdraws Lloyd’s 60% Funding Deal
Oct 25 2001 // On Tuesday The National Association of Insurance Commissioners reversed its previous decision to permit Lloyd’s to deposit 60 percent, rather than 100 percent, of the amount normally required into its U.S....
NAIC Meets in Washington to Discuss Sept. 11 Aftermath
Oct 24 2001 // Six weeks following the attacks on New York and Washington, insurance companies and regulators are still working on a plan to make sure future terrorist strikes are covered. According to a report in the South Florida...
NAIC To Probe Lloyd’s Solvency After WTC Attacks, Relaxes Fund Requirements
Oct 16 2001 // The National Association of Insurance Commissioners intends to conduct an in depth audit of Lloyd’s financial condition following the attacks on the World Trade Center. The investigation will focus on Lloyd’s...
NAIC Reassures Congress in Aftermath of Terrorist Attacks
Oct 2 2001 // National Association of Insurance Commissioners (NAIC) President and Kansas Insurance Commissioner Kathleen Sebelius told Congress that the American insurance industry is financially able to withstand the pressures created...
NAIC Donates $10,000 to Honor Former NY Ins. Superintendent Lost in Disaster
Sep 27 2001 // In an act of remembrance, the National Association of Insurance Commissioners (NAIC) President and Kansas Insurance Commissioner Kathleen Sebelius announced the association is donating $10,000 to the Neil D. Levin...
NAIC To Hold Summit to Discuss Terrorist Attacks
Sep 26 2001 // The National Association of Insurance Commissioners (NAIC) will hold a summit on Oct. 22-24 to discuss in greater depth the insurance issues related to the recent terrorist attacks. The summit will be held at the Omni...
NAIC Agrees with Congressional Committee’s Stance Regarding Sept. 11 Tragedy
Sep 25 2001 // The National Association of Insurance Commissioners (NAIC) announced on Sept. 20 it will work collaboratively with Rep. Mike Oxley, chair of the House Financial Services Committee, and other members of the Finance...
NAIC Supports Urban Markets Workshop
Sep 19 2001 // The Chicago-based Urban Insurance Partners Institute (UIPI) is organizing a national workshop to help insurers gain the tools necessary to compete effectively in urban areas. Local Initiatives Support Corporation (LISC), a...
NAIC Cancels Fall National Meeting in Boston
Sep 18 2001 // Members of the Kansas City, Mo.-based National Association of Insurance Commissioners (NAIC) unanimously agreed that its Fall National Meeting be canceled in the wake of the tragic events that occurred Sept. 11. The...
NAMIC Says GAO Report Affirms Group’s Stance on NAIC’s Ability
Sep 3 2001 // The National Association of Mutual Insurance Companies (NAMIC) says a long-anticipated General Accounting Office (GAO) report on state regulatory initiatives confirms the association’s position that while state...
NAIC Speed-to-Market Efforts Hastened by SERFF
Aug 30 2001 // The goal of more efficient state filing systems is becoming a reality. By the end of the year, the National Association of Insurance Commissioners (NAIC) anticipates that 41 states will be accepting product and rate...
NAIC DEBATES FRAUD PROVISION
Aug 13 2001 // On behalf of the nation’s insurance commissioners, NAIC President and Kansas Insurance Commissioner Kathleen Sebelius is urging Congress to remove a provision from HR 1408, the Financial Services Antifraud Network...
AIA’s Endorsement of Optional Federal Charter Plan Prompts Flurry of Responses from Associations
Jul 30 2001 // In an announcement released July 17, the American Insurance Association (AIA) Board of Directors stated that it has formally endorsed draft legislation that would establish an optional federal chartering structure designed...
NAIC Objects to Antifraud Bill’s GAO Audit Provision
Jul 30 2001 // On behalf of the nation’s insurance commissioners, NAIC President and Kansas Insurance Commissioner Kathleen Sebelius is urging Congress to remove a provision from H.R. 1408, the Financial Services Antifraud Network...
NAMIC Urges State Legislators to Introduce Insurance Compliance Self-Evaluative Privilege Model Act
Jul 12 2001 // The National Association of Mutual Insurance Companies (NAMIC) encouraged the National Conference of Insurance Legislators (NCOIL) to introduce its Insurance Compliance Self-Evaluative Privilege Model Act in state...
Mo. Adopts NAIC Privacy Model Without Health, Workers’ Comp Provisions
Jul 9 2001 // The Missouri Insurance Department has adopted an emergency consumer privacy regulation containing a third party claimant provision but excluding health and workers’ compensation insurance. National Association of...
CDI to Join NAIC Midwest Zone Continuing Education Reciprocity Project
Jul 6 2001 // The California Department of Insurance (CDI) filed a request to be a part of the National Association of Insurance Commissioners’ (NAIC) Midwest Zone Continuing Education Reciprocity Project. The CDI stated that it...
NAII Points to Rate Regulation, Repair Costs as Major Factors in Average Auto Premium Results
Jun 29 2001 // According to the National Association of Independent Insurers (NAII), a state’s rating law plays a significant role in what people pay for auto insurance, Consumers in states with more regulation pay higher premiums...
Wash. Commissioner Earns National Accreditation for State Agency
Jun 20 2001 // Accreditation has been restored to the Washington State Office of the Insurance Commissioner (OIC). The announcement was made at the quarterly meeting of the National Association of Insurance Commissioners (NAIC) in New...
