Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
NAIC Unveils Enhanced Web Site
Sep 15 2005 // The National Association of Insurance Commissioners (NAIC) has redesigned its Web site with a more user-friendly format for both NAIC members and first-time visitors. Work on the new site began in May after an internal...
Regulators Say Industry Prepared for Katrina’s Cost
Sep 2 2005 // The National Association of Insurance Commissioners (NAIC) says that while the damages from Hurricane Katrina may set record losses, the property and casualty industry maintains the adequate capital and liquidity required...
UPDATE: NAIC Fall National Meeting Canceled in Wake of Katrina
Aug 30 2005 // The National Association of Insurance Commissioners (NAIC) decided on Wednesday to cancel their fall conference, scheduled for New Orleans from Sept. 10-13. Approximately 1,500 insurance regulators, industry...
PCI Disappointed with Recent Dialogue on NAIC Insurer Receivership Model Act
Aug 24 2005 // The Property Casualty Insurers Association of America (PCI) expressed disappointment recently with the latest direction taken by the National Association of Insurance Commissioners’ (NAIC) Financial Conditions (E)...
PCI Expresses Concerns Regarding NAIC Insurer Receivership Model Act
Aug 10 2005 // The Property Casualty Insurers Association of America (PCI) expressed serious concerns last week regarding the Insurer Receivership Model Act (IRMA) at the National Association of Insurance Commissioners’ (NAIC)...
NAMIC: State Actions Render Proposed NAIC Claims History Model “Irrelevant”
Aug 9 2005 // Creating a model act to establish a property claim history database would be “irrelevant,” given legislative action that has already occurred in the states wrote the National Association of Mutual Insurance...
A Consumer View on Loss-History Databases
Jul 18 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
New SOX Rules Don’t Fit Mutual Insurers for Size
Jul 18 2005 // For mutual property/casualty insurers, year-one SOX compliance costs would exceed $300 million. It’s obvious to us at the National Association of Mutual Insurance Cos. that there are crucial differences between...
A Consumer View on Loss-History Databases
Jul 18 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
New SOX Rules Don’t Fit Mutual Insurers for Size
Jul 18 2005 // It’s obvious to us at the National Association of Mutual Insurance Cos. that there are crucial differences between public and mutual insurers. That’s why we oppose the National Association of Insurance...
NAIC Emphasizes Need for Federal Terrorism Backstop
Jul 8 2005 // National Association of Insurance Commissioners (NAIC) warns that significant market disruptions could develop with the Federal Terrorism Risk Insurance Act’s (TRIA) expiration on Dec. 31, 2005, the law’s...
SOX Debate Must Go On Despite Insurers’ Protests, Va.’s Gross Insists
Jul 7 2005 // The debate over insurance company financial reporting should center on the value of what is reported and the effort to change the rules must go on despite opposition by some, according to the state insurance commissioner...
For Mutuals, SOX Rules Don’t Fit
Jul 4 2005 // Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance...
Va. Chief Insists SOX Debate Must Go On Despite Insurers’ Protests
Jul 4 2005 // The debate over insurance company financial reporting should center on the value of what is being reported by insurers and the effort to change the reporting rules must go on despite opposition by some, according to the...
For Mutuals, SOX Rules Don’t Fit
Jul 4 2005 // Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance...
For Mutuals, SOX Rules Don’t Fit
Jun 20 2005 // Crucial differences between public and mutual insurers cause the National Association of Mutual Insurance Companies to oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance...
North Dakota Sets Example on Loss-History Databases
Jun 20 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common-sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
North Dakota’s SB 2186 Should Be a Template for NAIC Model
Jun 20 2005 // Thanks to the leadership of Commissioner Jim Poolman, North Dakota insurance consumers now have common sense protections against unfair underwriting and rating actions by insurers because of information in loss history...
States Close In on Finite Reinsurance Disclosure Requirements
Jun 20 2005 // State insurance regulators moved closer to final adoption of model finite reinsurance disclosure language at the summer meeting of the National Association of Insurance Commissioners in Boston in early June. As they did,...
NAIC Requests Balanced Approach to Insurance Regulation at Hearing
Jun 16 2005 // The National Association of Insurance Commissioners (NAIC) testified on Thursday before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises regarding the impact of the SMART proposal on...
