National Association of Insurance Commissioners (NAIC) News

NAIC Passes Pet Insurance Model Act

The National Association of Insurance Commissioners (NAIC) has passed a Pet Insurance Model Act to establish appropriate regulatory standards for the growing pet insurance industry. “This model law establishes clear rules for the sale of pet insurance and provides important …

NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S.

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 reforms to address the litigation issue they blame for fueling the …

Regulators Weigh Model Law for Pet Insurance to Address Consumer Peeves

U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that insurers rarely pay up when their furry friends are not well. A National Association of Insurance Commissioners (NAIC) committee is …

Q&A With David Altmaier, President, National Association of Insurance Commissioners

Florida’s 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. Rather, for the next year, Insurance Commissioner David Altmaier …

State Insurance Commissioners Vow to Probe Role of Race in Insurance

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 practices that disadvantage minorities. “It is the …

Tennessee Insurance Head McPeak Steps Down; Lawrence Tapped as Interim Chief

After eight years as the head of the Tennessee Department of Commerce & Insurance (TDCI), Commissioner Julie Mix McPeak is leaving Tennessee state government in order to pursue career opportunities in the private sector, according to a statement from TDCI. …

Florida Insurance Commissioner Altmaier Elected VP of the NAIC

Florida Insurance Commissioner David Altmaier has been elected by members of the National Association of Insurance Commissioners (NAIC) to serve as vice president of the organization, effective immediately. Altmaier joins other 2019 NAIC officers including: NAIC President and Maine Insurance …

N.D. Insurance Commissioner Named to National Air Ambulance Panel

North Dakota Insurance Commissioner Jon Godfread has been nominated by the National Association of Insurance Commissioners (NAIC) to serve as the state insurance regulator on the national Air Ambulance and Patient Billing Advisory Committee, the state’s insurance department announced. This …

Insurance Regulators’ Group NAIC Names 2019 Key Committee Leaders

The National Association of Insurance Commissioners (NAIC) has named its 2019 committee chairs and vice chairs. The association of state insurance regulators also assigned members to its standing committees. “The 2019 NAIC committee leadership reflects deep expertise and a strong …

Tennessee Insurance Head McPeak Talks Leading NAIC, Priorities Under New Gov

Tennessee Insurance Commissioner Julie Mix McPeak’s tenure as president of the National Association of Insurance Commissioners (NAIC) may have come to an end, but her work as an insurance regulator will continue for some time thanks to her recent reappointment …