Latest Naic Headlines

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

Insurers Prepare for a Post-TRIA World; ‘Baby Steps’ Toward Federal Regulation

May 17 2004 // Property/casualty insurers are coming to grips with the fact that a government-sponsored terrorism insurance backstop could expire at the end of next year, which would send pricing shockwaves through the market. Carriers...

Noted Calif Regulator to Retire After 31 Years

May 11 2004 // Senior California regulator Norris Clark, deputy commissioner for financial surveillance, will resign effective August 1.“In all sectors of the insurance industry he is known as a very influential regulator and a...

PCI Urges NAIC to Leave Insurance Scoring to States

May 3 2004 // National News • March 16 “I have been a State Farm agent 34 years and have a little over 2,000 cars insured. Because of credit scoring last year, I was only able to qualify nine new auto sales for the entire year....

PCI Urges NAIC to Leave Insurance Scoring to States

May 3 2004 // National News • March 16 “I have been a State Farm agent 34 years and have a little over 2000 cars insured. Because of credit scoring last year, I was only able to qualify nine new auto sales for the entire year....

PCI Urges NAIC to Leave Insurance Scoring to States

May 3 2004 // National News • March 16“I have been a State Farm agent 34 years and have a little over 2000 cars insured. Because of credit scoring last year, I was only able to qualify nine new auto sales for the entire year....

Insurer Group Voices Concerns Again Over Proposed Changes to Market Conduct Suveillance Act

Apr 8 2004 // The Property Casualty Insurers Association of America (PCI) again raised its concerns to the National Association of Insurance Commissioners’ (NAIC) Market Conduct Committee regarding their proposed changes to the...

Regulators Urge Congress to Act Before TRIA Expires in December of 2005

Apr 7 2004 // Key members of the National Association of Insurance Commissioners (NAIC) are urging Congressional leaders to act this year on a federal solution that will ensure insurance marketplace stability and economic security as...

MONTANA RECIEVES NAIC ACCREDITATION AWARD:

Apr 5 2004 // The insurance regulatory organization from Montana received Accreditation awards under the National Association of Insurance Commissioners’ (NAIC) Financial Regulation Standards and Accreditation Program. The honor...

Amendment to ‘Model Regulation’ Opens Door for Insurance Agents, Consumers, Life Settlement Industry

Mar 26 2004 // Consumers’ rights received a boost last week when a key committee of the National Association of Insurance Commissioners (NAIC) approved an amendment to that group’s Model Regulation (for settlements). The...

Ga. Commissioner Named Liaison to Hague Conference

Mar 23 2004 // The National Association of Insurance Commissioners (NAIC) recently announced that Georgia Insurance Commissioner John Oxendine has been named the NAIC liaison to the Hague Conference.In this role he will attend Hague...

PCI Applauds NAIC’s Rejection on “Alien Reinsurers” Funds

Mar 22 2004 // The Property Casualty Insurers Association of America issued a bulletin applauding the decision by the Reinsurance Task Force of the National Association of Insurance Commissioners to table consideration of an approved...

PCI Urges NAIC to Leave Insurance Scoring to States

Mar 16 2004 // The Property Casualty Insurers Association of America has issued a bulletin indicating that continued debate within the National Association of Insurance Commissioners’ Credit Scoring Working Group about definitions...

States Campaign Against Bogus Sales

Mar 16 2004 // State insurance commissioners are vowing to crack down on unauthorized insurance plans with a campaign to educate consumers about illegal sales.In its meeting in New York City, the National Association of Insurance...

Electronic State Filings Proving to be Popular

Mar 16 2004 // More and more insurers and states are using systems for electronically filing rates and forms to meet regulatory requirements, with the number of electronically filed forms tripling in the past year.For all of 2003, more...

NAIC Adopts Market Analysis Handbook

Mar 15 2004 // During a conference call this week, insurance regulators from across the country unanimously adopted the National Association of Insurance Commissioners‘ (NAIC) Market Analysis Handbook, which will be used as a tool...

Conn., Pa. Receive NAIC Accreditation Awards

Mar 15 2004 // The insurance regulatory organizations from Connecticut, Montana and Pennsylvania have received Accreditation awards under the National Association of Insurance Commissioners’ Financial Regulation Standards and...

NAMIC Backs Withdrawal of Sarbanes-Inspired Proposal

Mar 15 2004 // Withdrawal of a proposal on Saturday, during a meeting of the NAIC Blanks Working Group, to have the National Association of Insurance Commissioners (NAIC) Annual Statement reflect Sections 406 and 407 of the...

Montana Receives NAIC Accreditation Award

Mar 15 2004 // The insurance regulatory organization from Montana received Accreditation awards under the National Association of Insurance Commissioners’ (NAIC) Financial Regulation Standards and Accreditation Program. The honor...

Credit-Based Scoring Tops AIA Agenda at Spring NAIC Gathering in New York City

Mar 12 2004 // The issue of credit-based insurance scoring will once again reportedly be the subject of much discussion and attention during the spring meeting of the National Association of Insurance Commissioners (NAIC) in New York,...

NYC to Host NAIC Meeting March 13-16

Mar 11 2004 // New York’s Superintendent of Insurance Gregory V. Serio announced that New York City will host the 2004 Spring National Meeting of the National Association of Insurance Commissioners (NAIC) from March...