Latest Naic Headlines

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

Open up to legislators, state commissioners!

Sep 24 2007 // The following is a letter sent by R.I. State Rep. Brian Patrick Kennedy, who is also vice president of the National Conference of Insurance Legislators, to Walter A. Bell, Alabama insurance commissioner and current...

R.I. Rep. Kennedy Urges More ‘Sunshine’ at Regulators’ Meetings

Aug 21 2007 // The nation’s insurance commissioners hold too many closed door sessions when they get together for meetings, according to a Rhode Island state lawmaker active on insurance issues.In a letter this week to the National...

Kentucky Regulator Wins First Professional Designation

Aug 7 2007 // The National Association of Insurance Commissioners has awarded its first professional designation to Kathy Horsley of the Kentucky Office of Insurance.Horsley earned the Associate Professional of Insurance Regulation...

Editor’s Note: Size doesn’t matter

Jul 23 2007 // Big or small, company size is said not to matter in the insurance industry. At a recent agent/broker conference, Rick Quagliaroli, president and CEO of Strongwood Holdings Insurance Corp., told the audience that there are...

U.S. Regulators Ink Agreement with Korea’s Financial Supervisors

Jul 16 2007 // The National Association of Insurance Commissioners (NAIC) recently signed a Memorandum of Understanding (MOU) with Korea’s Financial Supervisory Commission and Financial Supervisory Service in Seoul, Korea.NAIC...

Editor’s Note: Consumer education still needed

Jun 18 2007 // An education isn’t how much you have committed to memory, or even how much you know. It’s being able to differentiate between what you do know and what you don’t. — Anatole France (1844 –...

Editor’s Note: Consumer education still needed

Jun 18 2007 // An education isn’t how much you have committed to memory, or even how much you know. It’s being able to differentiate between what you do know and what you don’t. — Anatole France (1844 –...

Consumers not informed about homeowners insurance, study says

Jun 18 2007 // A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from an array of perils, according to research by the National Association of Insurance Commissioners, which...

Insurers Urge Regulators to Keep McCarran-Ferguson

Jun 6 2007 // Insurers recently asked state regulators to oppose a bill pending in Congress that would eliminate the exemption insurers currently receive from some federal antitrust laws.At the National Association of Insurance...

Consumers Not Informed about Homeowners Insurance, Study Says

Jun 5 2007 // A large percentage of U.S. homeowners mistakenly believe that standard homeowners insurance protects them from a wide array of perils, according to new research by the National Association of Insurance Commissioners...

Editor’s Note: Protecting small businesses

May 21 2007 // Are your customers’ small businesses fully covered with all the insurance they need?Apparently the National Association of Insurance Commissioners (NAIC) had doubts about the extent to which the nation’s small...

Editor’s Note: Small businesses not always adequately covered . . .

May 21 2007 // The recent tornadoes, heavy rains and subsequent flooding that hit a good part of the Midwest in May remind all of us about insurance coverage issues. For many the reminder is about purchasing flood insurance for your...

‘Near Term’ Hurricane Models Used by Insurers Under Fire

Mar 29 2007 // Recent “near term” hurricane prediction models based on five-year forecasts are being skewered by consumer groups urging state regulators to reject them as a basis for hiking coastal property insurance...

The Commissioners: John Morrison

Mar 26 2007 // Montana fights for uninsured, seeks catastrophe fund and captivesThe hallmarks of John Morrison’s legacy as Montana State Auditor, the Commissioner of Insurance and Securities, is to help provide more affordable...

Ark. Insurance Commissioner, Staff to Hold NAIC Posts

Mar 20 2007 // The Arkansas Insurance Department reported that state Insurance Commissioner Julie Benafield Bowman has been elected vice-chair of the Southeastern Zone of the National Association of Insurance Commissioners (NAIC). Her...

Wash. Commissioner To Chair Market Analysis Working Group

Mar 13 2007 // The National Association of Insurance Commissioners (NAIC) announced that Washington State Insurance Commissioner Mike Kreidler will chair the Market Analysis Working Group (MAWG) to emphasize the importance of...

People

Mar 12 2007 // Three members of the Kansas Insurance Department, Ted Clark, Anti-Fraud director, Larry Bruning, chief actuary, and Neil Woerman, director of Information Technology, have been appointed to leadership positions within the...

More than half of adults could be in need of disability coverage

Mar 12 2007 // Most Americans are not prepared to deal with the possibility of becoming disabled and, in turn, unable to work, according to new research by the National Association of Insurance Commissioners (NAIC).More than half (56...

What lies ahead for agency compensation? Agents could benefit from incentive pay plans replacing contigent income

Mar 12 2007 // Incentive pay plans for agents that some insurers are implementing to replace discontinued contingency compensation could work out better for agents than the programs they are replacing.A handful of major carriers banned...

More than half of adults could be in need of disability coverage

Mar 12 2007 // Most Americans are not prepared to deal with the possibility of becoming disabled and, in turn, unable to work, according to new research by the National Association of Insurance Commissioners (NAIC).More than half (56...