National Association of Insurance Commissioners News

Wildfires, Hail Take Toll on Colorado Homeowners Insurance

It’s safe to say there’s a lot going on in the homeowners insurance scene in Colorado, where homeowners insurance rates are likely to be on the rise for some time. Insured losses from the recently doused Black Forest fire should …

N.Y.’s Call for Moratorium on Life Insurance Captives Questioned by NAIC

National Association of Insurance Commissioners President Jim Donelon questioned the need for a countrywide halt on approvals of captive insurance deals one day after New York’s regulator said the transactions hide risk. “I don’t see an obvious need for such …

Report: California Workers’ Comp Insurers Return on Worth Up

California workers’ compensation insurers’ average return on net worth increased for the second year in a row in 2011, according to the latest National Association of Insurance Commissioners report on insurer profitability. The report shows California insurers’ 2011 return improved …

State Insurance Commissioners Form American Indian Liaison Panel

The National Association of Insurance Commissioners (NAIC) has approved the formation of an American Indian Liaison Committee to address cooperation between sovereign states and sovereign tribal nations. “The committee will provide a forum for discussion of insurance issues unique to …

State Insurance Regulators Renew Pact with Chinese Regulators

U.S. insurance regulators will continue a program of information sharing and cooperation that helps their counterparts in China learn about insurance regulatory practices in the U.S. The National Association of Insurance Commissioners (NAIC) said it has signed a Memorandum of …

Alaska Insurance Division Offers Car Accident App

The Alaska Division of Insurance is offering a free app that officials say can help drivers involved in car accidents. Officials say the WreckCheck app was developed by the National Association of Insurance Commissioners. According to officials, driver can use …

Report Questions Insurer Readiness, Attitudes on Climate Change

A report out Thursday that details responses to a climate change survey from insurers doing business in California, Washington and New York shows many insurers are prepared to deal with today’s extreme weather events, but not longer-term “baseline changes” driven …

Connecticut Commissioner Named NAIC’s International Committee Chair

Connecticut Insurance Commissioner Thomas Leonardi has recently been named chairman of the International Committee of the National Association of Insurance Commissioners (NAIC).The committee’s mission is to strengthen the global regulatory system through close cooperation with international regulators and support the …

Former Nebraska Sen. Nelson Named CEO of Insurance Regulators’ Group, NAIC

Former Nebraska Senator Ben Nelson has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), the organization for state insurance regulators and advocacy group for state-level insurance regulation. Nelson will become the organization’s chief spokesperson in …

Texas Homeowners Pay Highest US Insurance Premiums

An industry group says Texas homeowners are paying the highest insurance premiums in the country. The report was released Tuesday by the National Association of Insurance Commissioners. The Dallas Morning News reported the study is based on premiums collected in …