Therese Vaughan News

NAIC Hosts Conference on International Issues

The National Association of Insurance Commissioners (NAIC) will host the International Issues Conference Feb. 28 and March 1, in Washington, D.C. The seminar is designed to explore recent developments in international insurance regulation and global insurance markets as well as …

Regulators Should be Deliberate, Flexible When Considering Personal Lines Terrorism Exclusions

The National Association of Independent Insurers (NAII) has urged insurance regulators to “move with deliberation…on terrorism exclusions for personal lines” and to remain flexible when considering such exclusions. According to NAII, reinsurance contracts for many personal lines insurers now contain …

NAIC Outlines Principles for Federal Role in Terrorist Insurance Coverage

In Congressional testimony, National Association of Insurance Commissioners (NAIC) President and Kansas Insurance Commissioner Kathleen Sebelius outlined the NAIC’s suggested role for the federal government in insurance for future terrorist acts. Testifying before the Senate Banking Committee, Sebelius shared the …

Insurers to Discuss Global Regs, Accounting Standards, Privacy at IIC Roundtable

Private insurers face new challenges as supervisors and standard-setting bodies around the world work to develop and implement international standards to improve trade and financial stability in a weakened global economy, according to the International Insurance Council (IIC). The Roundtable, …

NAIC Agrees with Congressional Committee’s Stance Regarding Sept. 11 Tragedy

The National Association of Insurance Commissioners (NAIC) announced on Sept. 20 it will work collaboratively with Rep. Mike Oxley, chair of the House Financial Services Committee, and other members of the Finance committee in support of the insurance industry impacted …

NAPSLO Legislative Report: Surplus Lines Issues Covered at NAIC Meeting

NAPSLO Legislative Report: Surplus Lines Issues Covered at NAIC Meeting With the end of the year 2000 state legislative sessions and the U.S. Congress winding down its post-election lame duck session, legislative activity affecting the insurance industry has virtually ground …

Sebelius Elected NAIC President for 2001; Vaughan, Pickens Selected as Officers

Members of the National Association of Insurance Commissioners have elected regulators from Kansas, Iowa and Arkansas as the organization’s officers for 2001 during its Winter National Meeting in Boston. “We are in the midst of an exciting transformation of the …

Groups Disagree on Producer Licensing Verbiage

What’s in a word? A lot—at least according to the National Association of Mutual Insurance Companies (NAMIC). In a press release, the association announced that on July 11 it sent a letter to the chair of the National Association of …

Groups Disagree on Producer Licensing Model Language

What’s in a word? A lot—at least according to the National Association of Mutual Insurance Companies (NAMIC). In a press release, the association announced a July 11 letter, sent to the chair of the National Association of Registered Agents and …