Latest Naic Headlines

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

What lies ahead for agency compensation?

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 Not Meet Expenses If They Became Disabled, Survey Shows

Feb 28 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...

Third-generation industry executive shares insight on regulatory matters

Feb 26 2007 // Sullivan discusses reinsurance collateralization, surplus lines regulation reformGerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead of...

Third-generation industry executive shares insight on regulatory matters

Feb 26 2007 // Sullivan discusses reinsurance collateralization, surplus lines regulation reformGerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead of...

The Commissioners: Morris Chavez

Feb 26 2007 // Regulator committed to restoring ethicsAfter replacing two insurance superintendents in less than a year over allegations of questionable activities, New Mexico’s Insurance Department seems to sorely need some ethics...

Coming to the Rescue: States get ready to modernize surplus lines regulation

Feb 26 2007 // Bernd (Bernie) G. Heinze, executive director of the American Association of Managing General Agents (AAMGA), recalls a perfect example of the regulatory difficulties the surplus lines industry faces. A colleague at a...

Third-generation industry executive shares insight on regulatory matters

Feb 25 2007 // Gerald Sullivan, chairman of Los Angeles-based The Sullivan Group, has been said to have grown up reading insurance rating manuals instead of Mother Goose books. He is the third generation to enter the insurance business...

Morris Chavez, New Mexico, State Insurance Superintendent

Feb 25 2007 // After replacing two insurance superintendents in less than a year over allegations of questionable activities, New Mexico’s Insurance Department seems to sorely need some ethics training. The latest appointed...

Coming To The Rescue

Feb 25 2007 // Bernd (Bernie) G. Heinze, executive director of the American Association of Managing General Agents (AAMGA), recalls a perfect example of the regulatory difficulties the surplus lines industry faces. A colleague at a...

Ala.’s Bell Elected to Leadership of International Insurance Group

Feb 21 2007 // National Association of Insurance Commissioners (NAIC) President and Alabama Insurance Commissioner Walter Bell was recently elected vice chairman of the International Association of Insurance Supervisors (IAIS) Executive...

Kan. Insurance Department Staff Appointed to Key Positions at NAIC

Feb 21 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 various leadership positions...

People and Places

Feb 12 2007 // Privately owned insurance and risk management firm, McQueary Henry Bowles Troy L.L.P., has named Mike Rutledge a partner. Rutledge is a vice president in MHBT’s Fort Worth, Texas, office.Rutledge’s career in...

One-on-one interviews with 15 insurance regulators

Feb 12 2007 // One-on-one interviews with 15 insurance regulators At a recent meeting of the National Association of Insurance Commissioners, Insurance Journal sat down with 15 insurance regulators to talk about issues affecting their...

People

Feb 11 2007 // Privately owned insurance and risk management firm, McQueary Henry Bowles Troy L.L.P., has named Mike Rutledge a partner. Rutledge is a vice president in MHBT’s Fort Worth, Texas, office.Rutledge’s career in...

Regulators Release Annual Homeowners Insurance Comparison

Feb 8 2007 // The National Association of Insurance Commissioners (NAIC) today announced the release of the 2004 Homeowners Insurance Report, which provides data on market distribution and average cost by policy form and amount of...

Ark. Commissioner Elected Officer at NAIC

Jan 26 2007 // Arkansas Insurance Commissioner Julie Benafield Bowman has been elected Secretary-Treasurer of the Southeastern Zone of the National Association of Insurance Commissioners (NAIC), her office announced. Becoming an officer...

Regulators Name 2007 Key Committee Chairs

Jan 26 2007 // The National Association of Insurance Commissioners (NAIC) today named its 2007 Committee chairs and vice chairs. The NAIC officers, most immediate past president and zone representatives met earlier this month to make...

Regulators to Reduce Committee Meetings; End Meetings on Mondays

Jan 5 2007 // The National Association of Insurance Commissioners (NAIC) today announced several changes to the format of its quarterly National Meetings.The new format, which features a more compact meeting schedule, will be introduced...

Kan. Commissioner Elected to National Post

Dec 14 2006 // Kansas Insurance Commissioner Sandy Praeger is the newly-elected president-elect of the National Association of Insurance Commissioners (NAIC), according to a department release. She was elected during the NAIC Winter...

State Regulators Stress Uniformity of Administrative and Licensing Systems

Dec 12 2006 // The National Association of Insurance Commissioners stressed its support for what it says is one of the strongest tools for state regulators, State Based Systems (SBS), during its recent meeting in San Antonio.SBS serves...