Latest Naic Headlines

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

AIA Addresses Actions Taken by State Commissioners’ Working Group on Credit Scoring Use

Mar 5 2004 // According to the Washington, D.C. office of the American Insurance Association (AIA), a state insurance regulator’s working group is being pressured by the National Association of Insurance Commissioners (NAIC) to...

NAIC, PCI Issue Statements in Response to Consumer Group Criticisms on Regulatory Reform

Mar 3 2004 // The National Association of Insurance Commissioners (NAIC) and the Property Casualty Insurers Association of America (PCI) issued statements in response to a letter from two consumer groups that criticized the insurance...

Market Analyst Summarizes Calif. Results in 2002 NAIC Report on W.C. Profitability

Mar 1 2004 // In late January 2004, the National Association of Insurance Commissioners (NAIC) released its “Report on Profitability by Line by State” for 2002. The NAIC report provides complete, direct income statement data...

NAIC’s Ario Says Producer Licensing Reform, Credit Scoring are Top Priority

Jan 26 2004 // Insurance Journal had a chance to sit down with newly-elected Secretary-Treasurer Joel Ario, Administrator of the Oregon Department of Insurance, at the National Association of Insurance Commissioners’ Winter Meeting...

ALASKA PRIVACY REGS. TROUBLE ALLIANCE

Jan 12 2004 // The regulations proposed by the Alaska Division of Insurance regarding privacy of consumer financial and health information, while improved from the original proposal, are still not in sync with state law, according to the...

Top 5 NAIC Staffers Earn More Than $1 Million

Jan 7 2004 // The National Association of Insurance Commissioners (NAIC) released the salaries of its top five officers, who earned more than $1 million combined.NAIC Executive Vice President Catherine J. Weatherford was paid $294,805....

Regulatory Modernization Top Priority in 2004 Says Industry Trade Group

Dec 24 2003 // State insurance regulation is at a critical crossroads and achieving regulatory modernization in states in 2004 must be a top priority for insurers and state regulators, the National Association of Independent Insurers...

N.D. Commissioner Elected NAIC VP

Dec 15 2003 // North Dakota Insurance Commissioner Jim Poolman has been elected by his peers to serve as vice president of the National Association of Insurance Commissioners for 2004. The vote, by members of the NAIC, was held Dec. 7,...

Alliance Reports Alaska Privacy Regulations Still Troublesome

Dec 12 2003 // The Alaska Division of Insurance’s proposed regulations regarding privacy of consumer financial and health information, while improved from the original proposal, are still not in sync with state law, according to...

NAIC Committee Adopts Market Analysis Handbook

Dec 12 2003 // State regulators across the country may soon have a definitive source of guidance on market analysis, as the National Association of Insurance Commissioners’ (NAIC) Market Analysis & Consumer Affairs (D)...

NAII Applauds Adoption of NYSID Proposal to Exempt Rated Securities from NAIC Filing Requirements

Dec 10 2003 // The National Association of Independent Insurers issued a bulletin congratulating regulators at the NAIC meeting for adopting a proposal by the New York Insurance Department to exempt securities rated by a nationally...

NAIC Receives Cost Information on Phase 1

Dec 10 2003 // The National Association of Insurance Commissioners (NAIC) received information at its Winter Meeting in Anaheim from the property/casualty industry concerning the costs incurred by insurers in Phase 1 of the Market...

NAII Voices Concerns Regarding Enforcement of Judgments Abroad

Dec 10 2003 // The National Association of Independent Insurers (NAII) raised concerns about the ability to enforce judgments in foreign countries for reinsurance collateral reduction, as discussed by the National Association of...

Pair of State Staffers Earn NAIC’s Highest Individual Award

Dec 9 2003 // The National Association of Insurance Commissioners (NAIC) has presented its most prestigious individual award to Rosanne Mead, Assistant Iowa Insurance Commissioner, and Fred Nepple, General Counsel in the Wisconsin...

Alliance Urges NAIC to Move up Regulatory Modernization Efforts

Dec 8 2003 // The Alliance of American Insurers is urging the National Association of Insurance Commissioners (NAIC) to advance their timetable for getting all 50 states to modernize their regulatory processes from the current 2006-2008...

Csiszar Named NAIC President for 2004

Dec 8 2003 // During the Winter National Meeting in Anaheim, members of the National Association of Insurance Commissioners (NAIC) elected regulators from South Carolina, North Dakota and Oregon to serve as the association’s 2004...

State Regulator, Former Congressman Caution Insurers on Federal Regulatory Intervention

Nov 19 2003 // A leading state regulator and a former U.S. Representative warned insurers that expanding congressional oversight of the industry may worsen rather than improve the regulatory system.Ernst Csiszar, South Carolina Insurance...

LDI Gets High Marks From NAIC

Nov 19 2003 // Louisiana Commissioner of Insurance Robert Wooley announced that he and his staff at the Louisiana Department of Insurance have a lot to celebrate in December. Wooley said the accreditation team of the National Association...

Insurers Question NAIC Budget Reserves

Nov 17 2003 // Insurance industry representatives are unhappy with a budget proposed by the National Association of Insurance Commissioners, the quasi-governmental body that collects insurers’ annual financial statements and...

PICKENS PROMOTES NAIC PLAN:

Nov 17 2003 // Arkansas Insurance Commissioner Mike Pickens told members of the House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises that regulating insurance is a function of the states, a system that...