Latest Naic Headlines
All the headlines from our Naic Topic Page, ordered by recency.
Price Optimization Allegations Challenged, NAIC Investigating Practice
Dec 18 2014 // Reaction to industry-wide price optimization allegations from a consumer group known to call out insurers has been somewhat critical yet guarded – however it appears regulators may already be starting to look into the...
NAIC Names 15 Consumer Representatives
Dec 16 2014 // The National Association of Insurance Commissioners (NAIC) recently named 30 consumer liaison representatives for 2015. The 20 funded and 10 unfunded consumer representatives begin their terms Jan. 1, 2015. Eighteen of the...
People – East
Dec 15 2014 // Connecticut Insurance Commissioner Thomas B. Leonardi has stepped down from his post to join a New York-based global investment banking advisory firm. Leonardi, who led the Connecticut Insurance Department for nearly four...
A New Year, A New Congress
Dec 1 2014 // Looking ahead to the next Congress, the Dodd-Frank Act faces renewed scrutiny, including the Financial Stability Oversight Council process and the lack of transparency and quantitative analysis before making decisions. As...
U.S. Regulators, Insurers Skeptical of Global Capital Standards
Nov 25 2014 // A new report commissioned by the Property Casualty Insurers Association of America and the National Association of Mutual Insurance Companies has found there would be significant economic costs associated with imposing...
Montana’s Lindeen Elected NAIC President
Nov 20 2014 // Members of the National Association of Insurance Commissioners (NAIC) have elected 2015 officers who will assume their duties on Jan. 1, 2015. President: Montana State Auditor and Commissioner of Securities and Insurance...
State Regulators Form Cyber Issues Task Force
Nov 19 2014 // The National Association of Insurance Commissioners (NAIC) said it has formed a special task force to help states coordinate efforts related to cyber security and insurance industry data and coverages. NAIC said the task...
NAIC Working Group Recommends Bermuda as Qualified Jurisdiction
Nov 14 2014 // A working group of the National Association of Insurance Commissioners (NAIC) has recommended the Bermuda Monetary Authority (BMA) for approval as a “qualified jurisdiction” under the NAIC’s reinsurance...
Lawsky: Regulators’ Stance on Life Insurers’ Captives Leaves Gaping Problem
Aug 14 2014 // New York’s financial-services regulator told fellow watchdogs they are failing to address a “gaping regulatory problem” that he said allows life insurers to artificially inflate reserves. There should be...
NAIC Hiring Consultant to Review Its Decision-Making, Governance
Jul 21 2014 // The national organization for state insurance regulators, which has been telling federal and international regulators how they should govern the industry, has decided to engage a consultant to audit its own governance and...
NAIC Roadshow to Tout State Regulation to U.S., Foreign Policymakers
Jul 16 2014 // The nation’s organization of state insurance regulators is launching an educational program to sell U.S. and foreign leaders and the public on the virtues of the 150-year old state-based insurance regulatory...
NAIC Hiring Consultant to Review Its Decision-Making, Governance
Jul 15 2014 // The national organization for state insurance regulators, which has been telling federal and international regulators how they should govern the industry, has decided to engage a consultant to audit its own governance and...
U.S. Insurance Regulators May Refuse to Apply Global Capital Rules: NAIC President-Elect Lindeen
Jun 25 2014 // The United States may refuse to apply new global capital rules in the world’s biggest insurance market because of the “breakneck speed” they are being pushed through, American regulators said on...
Look Beyond Salary
Jun 16 2014 // Many Americans who leave their jobs to improve their financial situation fail to consider their total compensation package when making the decision, according to a consumer survey. The survey by the National Association of...
Insurance Regulators to Job-Switchers: Look Beyond Salary
Jun 4 2014 // Many Americans who leave their jobs to improve their financial situation fail to consider their total compensation package when making the decision, according to a consumer survey. The survey by the National Association of...
Arizona Department of Insurance Licenses NAIC’s State Based Systems
Apr 28 2014 // The National Association of Insurance Commissioners announced that the Arizona Department of Insurance has licensed State Based Systems, an NAIC-owned and operated regulatory tool. “We are confident in the ability of...
Oklahoma Commissioner to Seek NAIC Investment in Emergency Response Vehicles
Mar 27 2014 // Oklahoma Insurance Commissioner John D. Doak announced that he intends to ask the National Association of Insurance Commissioners (NAIC) to invest in Shared Emergency Response Vehicles (SERVEs) for education and disaster...
FSOC’s Insurance Expert Woodall Approved As International Regulatory Observer
Feb 18 2014 // Roy Woodall, the insurance sector voting member of the Financial Stability Oversight Council, will finally be getting involved in the International Association of Insurance Supervisors (IAIS) but as an observer, not a...
NAIC’s First Step Toward Openness, Transparency
Feb 10 2014 // As an advocate for a reformed system of state insurance regulation, the National Association of Mutual Insurance Companies (NAMIC) recognizes the key role played by the National Association of Insurance Commissioners...
State v. Federal Regulation Debate a ‘Relic,’ Says FIO Chief McRaith
Feb 6 2014 // The state versus federal oversight discussion is a “binary debate” that is a relic of a bygone era, the director of the Federal Insurance Office told lawmakers at a Congressional hearing Tuesday. FIO Director...
