Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
People
Jan 9 2012 // State insurance regulators have named 28 consumer representatives to advise them on insurance issues during 2012. The National Association of Insurance Commissioners (NAIC) said the 18 funded and 10 unfunded consumer...
State Insurance Regulators Name 28 Consumer Representatives
Dec 21 2011 // State insurance regulators have named 28 consumer representatives to advise them on insurance issues during 2012. The National Association of Insurance Commissioners (NAIC) said the 18 funded and 10 unfunded consumer...
Action Requested on MLR
Dec 5 2011 // If the National Association of Insurance Commissioners (NAIC) has its way, agents should see some relief from the impact of the Medical Loss Ratio (MLR) provision of the Patient Protection and Affordable Care Act. The NAIC...
Texas Regulator Abstains from MLR Vote; Says State Requested Waiver
Nov 29 2011 // The National Association of Insurance Commissioners (NAIC) has adopted a resolution urging Congress to amend the Medical Loss Ratio (MLR) provisions of the Patient Protection and Affordable Care Act (PPACA) to ensure...
People
Nov 21 2011 // Dallas-based LevelFirst has named Toni Campbell director of Marketing. Campbell will oversee all marketing efforts for the newly formed wholesale property and casualty insurance broker and MGA. LevelFirst also introduced...
Insurance Groups Laud State Regulators’ Action to Reduce Reinsurance Collateral
Nov 8 2011 // State insurance regulators have approved a new model law and regulation on credit for reinsurance that allows some foreign reinsurers to post reduced collateral. The new rules and regulations, which have taken 12 years to...
Regulators Elect 2012 Officers; Florida’s McCarty Serves as President
Nov 4 2011 // The National Association of Insurance Commissioners (NAIC) has elected its 2012 officers. Florida Insurance Commissioner Kevin M. McCarty will serve as president, and Louisiana Insurance Commissioner James J. Donelon will...
Texas Insurance Regulator Wins Top National Award
Nov 4 2011 // The National Association of Insurance Commissioners (NAIC) presented its highest award to Danny Saenz of the Texas Department of Insurance (TDI). Saenz, who serves as Deputy Commissioner of the Financial Services Division...
Insurance Regulators: Oklahoma’s Financial Examination Process Corrected
Nov 3 2011 // A national organization of state insurance regulators found that Oklahoma has resolved problems in the financial examination section of the state insurance department that were discovered in a review of the agency in...
Best’s Managing Director-Europe: Solvency II is Coming to an Insurer near You
Oct 24 2011 // Stefan Holzberger, A.M. Best’s managing director-analytics, recently moved to London from the U.S. He is well placed to analyze the impact of the European Union’s Solvency II regulations, not only on the...
House Committee Hears Concerns on Surplus Lines Reform Tax Issue
Jul 28 2011 // Just days after the surplus line reform legislation became effective, federal legislators heard comments from industry insiders on concerns regarding the implementation of provisions in the bill, including how states will...
Long-Time Virginia Insurance Commissioner Gross Dies
Jul 28 2011 // Alfred W. Gross, who served as insurance commissioner for the state of Virginia for 14 years until he retired last year, has passed away, according to the National Association of Insurance Commissioners (NAIC). Gross...
Thompson Joins NAIC as Manager of International Relations Unit
Jul 11 2011 // The National Association of Insurance Commissioners (NAIC) has hired a former Capitol Hill advisor as manager of International Relations. Eric Thompson will be responsible for coordinating state insurance regulators’...
Insurance Agents Cheer State Commissioners’ Vote on Medical Loss Ratio
Jul 1 2011 // In a move being applauded by insurance agents, a task force of state insurance regulators has recommended that states support legislation to protect agent and broker commissions from the expense cap imposed on health...
Missouri Insurance Director Elected to NAIC Executive Committee
Jun 10 2011 // John M. Huff, director of the Missouri Department of Insurance, Financial Institutions and Professional Registration, was elected June 6 as vice president of the Midwest Zone of the National Association of Insurance...
Calif. Workers’ Comp Insurers’ Net Worth Declining
Apr 20 2011 // California workers’ compensation insurer returns continue to dwindle, with recent National Association of Insurance Commissioners (NAIC) data showing their return on net worth falling from 7 percent in 2008 to 4.6...
MLR Dramatically Impacting Commissions, Agents Tell Regulators
Apr 18 2011 // “The impact of the medical loss ratio has been dramatic on the agents and brokers in this country and it was dramatic immediately.” That’s a quote from Beth Ashmore, an independent insurance agency owner...
Arizona Regulator Selected for International Supervisory Forum
Mar 28 2011 // The National Association of Insurance Commissioners (NAIC) announced that Steve Ferguson, assistant director of the Arizona Financial Affairs Division, has been selected as the U.S. representative to the International...
Former NAIC Pres. Atchinson to Head Geneva Ass’n. Institutional Relations
Mar 25 2011 // The Geneva Association, an important international insurance think tank, announced that Brian Atchinson has been appointed as Acting Head of Institutional Relations. He is a former President of the National Association of...
NAIC, EU Regulators Hold Meeting on International Insurance Regulation
Mar 7 2011 // As business becomes more globalized, the financial services industry, including insurance, has recognized the need to keep up with the changing times. Both U.S and European Union regulators have therefore embarked on...
