Latest Naic Headlines

All the headlines from our Naic Topic Page, ordered by recency.

Ohio Personal Lines Premiums Remain Lower than U.S. Average

Aug 5 2009 // The Ohio Insurance Institute (OII) recently reported that premiums for homeowners and auto insurance in that state remain lower than the U.S. average. On its Web site, www.ohioinsurance.org, the OII released the following...

States Dispute Article Questioning AIG Insurance Units’ Finances

Aug 3 2009 // State insurance regulators are criticizing a New York Times article that reported that insurance subsidiaries of American International Group, Inc. “show signs of considerable weakness” and that called into...

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Aug 3 2009 // Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists.They got their producer licenses in states that did...

South Carolina Chief Refutes Legislative Audit Critical of Some Insurance Department Work

Jul 20 2009 // A report by the auditing arm of the South Carolina Legislature has concluded that the state insurance department overall does a good job regulating insurance companies and their rates but it could do a better job of...

South Carolina Insurance Chief Faults Legislative Audit of Department

Jul 6 2009 // A report by the auditing arm of the South Carolina Legislature has concluded that the state insurance department overall does a good job regulating insurance companies and their rates but it could do a better job of...

National Insurance Producer Licensing Bill Reintroduced in Congress

May 22 2009 // Federal legislation designed to streamline licensing for insurance agents and brokers operating in multiple states has been reintroduced in Congress.The legislation (HR 2554), the National Association of Registered Agents...

As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises

May 4 2009 // With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies.They are also warning insurers...

Liaisons Highlight Consumer Insurance Concerns

Apr 6 2009 // Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such issues as the use of credit scores in determining rates; purchasing policies over the Internet;...

Sonnichsen to be Chief Contact in D.C. on State Insurance Regulation

Mar 27 2009 // The National Association of Insurance Commissioners (NAIC) has named Ethan Sonnichsen as Government Relations director. Sonnichsen previously served as Government Relations manager. In his new position, Sonnichsen is...

As Credit Scores Fall, Criticism of Insurers’ Credit Scoring Rises

Mar 23 2009 // With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies.They are also warning insurers...

How Consumer Reps Feel About Internet Sales, State Regulation

Mar 23 2009 // Insurance Journal spoke with some of the National Association of Insurance Commissioners (NAIC) consumer liaisons and found that in addition to credit scoring, their issue lists include Internet sales of insurance; the...

Insurers’ Use of Credit Scores Faces Renewed Scrutiny by Regulators

Mar 17 2009 // The National Association of Insurance Commissioners (NAIC) has adopted a proposal to review the use of credit-based insurance scoring.The NAIC said it will convene a public hearing to take testimony on how the insurance...

Texas Insurer Group Takes Issue with NAIC Homeowner Report

Mar 4 2009 // The National Association of Insurance Commissioner recently issued its annual report on homeowners insurance. The report, based on figures from 2006, the latest year from which data is available, ranks Texas as having the...

People

Feb 8 2009 // Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009.Vaughan replaces Catherine J....

Change and Protect

Feb 8 2009 // Change is coming to Washington and to the National Association of Insurance Commissioners, but hopefully it’s change that will protect the status quo when it comes to insurance regulation.Last spring, the editors at...

State Regulators Deny Life Insurers’ Bid for Looser Capital Requirements

Jan 30 2009 // State insurance regulators voted against a proposal to loosen capital requirements for the battered life insurance industry, shooting down hopes for up to $30 billion in relief.The National Association of Insurance...

Change and Protect

Jan 25 2009 // Change is coming to Washington and to the NAIC but hopefully it’s change that will largely protect the status quo when it comes to insurance regulation.Last spring, we took it upon ourselves to urge the National...

Declarations

Jan 25 2009 // Name Change“While this name change reflects our vision for today and the future, it also brings into focus our long and rich history in this state.” —The Springfield-based Professional Independent Insurance...

Wisconsin Insurance Chief Dilweg Honored by Consumer Advocates

Jan 16 2009 // Consumer representatives to the National Association of Insurance Commissioners (NAIC) presented Wisconsin Insurance Commissioner Sean Dilweg with their Excellence in Consumer Advocacy Award at recently.The NAIC Consumer...

Former Iowa Commissioner Vaughan Named CEO of State Regulators’ NAIC

Jan 15 2009 // Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009.Vaughan replaces Catherine J....