Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
Convex Gets NAIC Approval to Operate as Reciprocal Jurisdiction Reinsurer in U.S.
Nov 30 2021 // Convex Group Ltd. announced that Convex Insurance UK Ltd. (CIL) and Convex Reinsurance Ltd. (CRL) have received approval from the National Association of Insurance Commissioners and the California Department of Insurance...
NAIC Report Outlines Ways to Address Climate-Related Risks
Nov 18 2021 // The National Association of Insurance Commissioners released the report calling out measures to adapt to and deal with the risks posted by climate change. The report, Adapting to Emerging Risks: The State-Based Regulatory...
Top 20 Cyber Insurers in U.S. Including Loss Ratios: NAIC
Nov 9 2021 // The cyber insurance market in the U.S. grew to roughly $4.1 billion in direct written premiums in 2020, an increase of 29.1% from the prior year, reports the National Association of Insurance Commissioners...
Maine One of Latest States to Enact NAIC-Inspired Insurance Data Security Act
May 6 2021 // Maine is one of the latest states to enact its own version of the National Association of Insurance Commissioners (NAIC) model data security law, signing the Maine Insurance Data Security Act into law on March 17. The NAIC...
Tennessee Insurance Dept. Receives NAIC Accreditation
Apr 16 2021 // The Tennessee Department of Commerce and Insurance (TDCI) has received accreditation from the National Association of Insurance Commissioners (NAIC). The NAIC is the U.S. standard-setting and regulatory support...
NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S.
Apr 14 2021 // New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers. The information comes as numerous stakeholders push for legislative...
Diversity, Resilience, Innovation Among Altmaier’s Priorities as NAIC President
Feb 22 2021 // Florida’s top insurance regulator has a busy year ahead, and it won’t just include overseeing his own state’s insurance market, one of the most dynamic and complicated insurance markets in the world....
Florida’s Altmaier to Assume NAIC Presidency for 2021
Dec 29 2020 // The National Association of Insurance Commissioners (NAIC) will have officers for 2021. The newly-elected officers will assume their duties on Jan. 1, 2021. Members of the association of regulators elected these leaders...
Insurers’ $158 Billion CLO Bet Is Putting the Industry at Risk
Jul 31 2020 // They’ve been billed as a solution to the rock-bottom interest rates weighing down the returns of America’s asset managers. Collateralized loan obligations — which package and sell leveraged loans into...
State Insurance Commissioners Vow to Probe Role of Race in Insurance
Jul 24 2020 // The nation’s state insurance commissioner said they are forming a special committee to address issues of race in insurance including the level of diversity in the industry and insurance product design and pricing...
Updated Upcoming Insurance Event Cancellations: NAIC, WSIA, Cannabis, CFA…
Mar 10 2020 // The number of industry-related conferences being cancelled, postponed or moved to virtual platforms in response to the coronavirus threat is growing. The Wholesale and Specialty Insurance Association (WSIA) has joined the...
Arkansas’ Kerr Named Chair of NAIC’s Market Regulation, Consumer Affairs Committee
Jan 22 2020 // Arkansas Insurance Commissioner Allen Kerr has been named chairman of the Market Regulation and Consumer Affairs (D) Committee of the National Association of Insurance Commissioners (NAIC) for 2020. This is the second time...
Pennsylvania Insurance Commissioner Appointed as NAIC Committee Chair
Jan 22 2020 // Pennsylvania Insurance Commissioner Jessica Altman has been selected for the second consecutive year to serve as chair of the Health Insurance and Managed Care Committee of the National Association of Insurance...
Delaware Insurance Commissioner Appointed Chair of NAIC Antifraud Task Force
Jan 21 2020 // Delaware Insurance Commissioner Trinidad Navarro was appointed chair of the National Association of Insurance Commissioner’s Antifraud Task Force. Commissioner Navarro previously served as vice-chair of the committee...
Southeast Insurance Chiefs Farmer, Altmaier Elected to Top NAIC Posts
Dec 11 2019 // South Carolina Department of Insurance Director Ray Farmer and Florida Insurance Commissioner David Altmaier have been elected to the positions of president and president-elect, respectively, of the NAIC (National...
Idaho Department of Insurance Director Voted NAIC Vice President-elect
Dec 10 2019 // Idaho Department of Insurance Director Dean L. Cameron has been voted vice president-elect of the National Association of Insurance Commissioners. Cameron served as Secretary-Treasurer of the NAIC for 2019. Starting Jan....
NAIC Innovation Panel Moves for Update of Anti-Rebating Model
Aug 5 2019 // The National Association of Insurance Commissioners has taken the first step in what stands to be a more than yearlong process to update the rules states use to police impermissible “rebates” offered by...
Big ‘I’ Agents’ Group Names NAIC’s Eilers-Bowser to Capitol Hill Team
Jul 22 2019 // Heather Eilers-Bowser recently joined the Independent Insurance Agents & Brokers of America ( Big “I”) Capitol Hill team as federal government affairs counsel. Her role will include federal legislative and...
Former Tenn. Insurance Head McPeak Joins Greenberg Traurig Law Firm in Nashville
Jun 18 2019 // Former Tennessee Insurance Commissioner Julie Mix McPeak, who stepped down as the head of the Tennessee Department of Commerce and Insurance Commissioner last month, will join the global law firm Greenberg Traurig, P.A.,...
Take the Flood Insurance Quiz
Jun 12 2019 // The National Association of Insurance Commissioners (NAIC) released an online quiz, “What the Flood!,” as part of its #YourRiskIsReal campaign, an ongoing effort to educate consumers about flood risks and the...
