NAIC News

Texas Insurance Regulator Wins Top National Award

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 at TDI, received the Robert Dineen Award for …

Insurance Regulators: Oklahoma’s Financial Examination Process Corrected

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 February 2010. Oklahoma Insurance Commissioner John D. …

Best’s Managing Director-Europe: Solvency II is Coming to an Insurer near You

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 Europeans, who are directly affected, but also on …

Thompson Joins NAIC as Manager of International Relations Unit

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’ efforts on key international financial regulatory issues. The NAIC International Relations …

Top 5 Economic Changes by Consumers That Affect Their Car Insurance

From changing jobs to moving to a different house to downsizing vehicles, Americans have made decisions during the recent economic downturn that impact unexpected areas of their life – like car insurance. In fact, in the past year 53 percent …

Former NAIC Pres. Atchinson to Head Geneva Ass’n. Institutional Relations

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 Insurance Commissioners (NAIC) and a former superintendent of …

NAIC, EU Regulators Hold Meeting on International Insurance Regulation

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 several initiatives requiring mutual discussion and cooperation, as …

National Insurance Licensing Group Names 2 to Board

The organization working to bring more uniformity to insurance licensing by states has named two new board members. The National Insurance Producer Registry (NIPR) reported that Illinois Insurance Director Michael T. McRaith and Tennessee Insurance Commissioner Julie Mix McPeak have …

West Virginia Changes Agent Licensing System

West Virginia is moving to the National Association of Insurance Commissioners state based system for issuing agent licenses in order to bring it in line with other states and streamline the licensing process. Starting in February, agents will no longer …