Latest Naic Headlines

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

NAIC’s First Step Toward Openness, Transparency

Feb 10 2014 // As an advocate for a reformed system of state insurance regulation, the National Association of Mutual Insurance Companies (NAMIC) recognizes the key role played by the National Association of Insurance Commissioners...

State v. Federal Regulation Debate a ‘Relic,’ Says FIO Chief McRaith

Feb 6 2014 // The state versus federal oversight discussion is a “binary debate” that is a relic of a bygone era, the director of the Federal Insurance Office told lawmakers at a Congressional hearing Tuesday.FIO Director...

Missouri Insurance Regulator Heese Receives NAIC Award

Jan 2 2014 // The National Association of Insurance Commissioners (NAIC) presented Fred Heese, director of the Missouri Division of Insurance Company Regulation and the state’s chief financial examiner, with the Robert Dineen...

How Insurance Industry Associations Help Those in Need

Dec 16 2013 // The Independent Insurance Agents & Brokers of America (Big “I”) conducts numerous charitable activities throughout the year. At the national association level, one of the primary charitable initiatives has...

NAIC: Alaska Implements SBS

Nov 18 2013 // Alaska has implemented the State Based Systems, an electronic system owned by the National Association of Insurance Commissioners, it was announced in November. The purpose of NAIC’s SBS initiative is to provide a...

NAIC: Alaska Implements SBS

Nov 5 2013 // Alaska has implemented the State Based Systems, an electronic system owned by the National Association of Insurance Commissioners, it was announced on Monday. The purpose of NAIC’s SBS initiative is to provide a...

What to Know About NARAB or National Producer Licensing: Bissett of Big ‘I’

Oct 3 2013 // If and when the federal government resumes operations, a multistate producer licensing reform bill long pushed by the country’s insurance agent lobby could be among the few bipartisan pieces of business Congress...

NAIC Accepting Consumer Liaison Applications

Aug 26 2013 // The National Association of Insurance Commissioners (NAIC) is currently accepting applications for the 2014 Consumer Liaison Program.The Consumer Liaison Program gives individuals who are qualified consumer representatives...

Insurers, Customers Were Kept Safe from 2008 Financial Crisis: GAO Report

Jul 30 2013 // At a time when efforts are underway to require additional supervision of some large insurers, a new government report concludes that the insurance industry’s own practices and the policies of state and federal...

Conn.-Based Insurers Now Required to Participate in NAIC Climate Risk Surveys

Jul 17 2013 // Connecticut Insurance Commissioner Thomas Leonardi today announced that Connecticut-based insurance companies will now be required to complete the annual Climate Risk Survey that was initially adopted in 2009 as a...

U.S. Regulators See No Need for Enhanced Insurer Capital

Jun 19 2013 // Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday.G20 world leaders have backed imposing extra...

N.Y.’s Call for Moratorium on Life Insurance Captives Questioned by NAIC

Jun 13 2013 // National Association of Insurance Commissioners President Jim Donelon questioned the need for a countrywide halt on approvals of captive insurance deals one day after New York’s regulator said the transactions hide...

Oklahoma Steps Up Fraud Fight in Disaster Zones

Jun 7 2013 // Oklahoma is stepping up its efforts to fight fraud in storm-devastated areas of the state with the assistance of the National Association of Insurance Commissioners (NAIC) and the North Carolina Department of...

State Insurance Regulators Renew Pact with Chinese Regulators

Mar 29 2013 // U.S. insurance regulators will continue a program of information sharing and cooperation that helps their counterparts in China learn about insurance regulatory practices in the U.S. The National Association of Insurance...

Connecticut Commissioner Named NAIC’s International Committee Chair

Feb 5 2013 // Connecticut Insurance Commissioner Thomas Leonardi has recently been named chairman of the International Committee of the National Association of Insurance Commissioners (NAIC).Connecticut Insurance Commissioner Thomas...

Surplus Lines Regulatory Picture for 2013

Jan 28 2013 // State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition...

New NAIC CEO Nelson: ‘No Need for Dual Regulation’

Jan 23 2013 // The new CEO of the National Association of Insurance Commissioners (NAIC) says there is a limited role for the federal government in insurance in partnership with state regulators but there is “no need for dual...

Former Nebraska Sen. Nelson Named CEO of Insurance Regulators’ Group, NAIC

Jan 22 2013 // Former Nebraska Senator Ben Nelson has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), the organization for state insurance regulators and advocacy group for state-level...

Surplus Lines Regulatory Picture for 2013

Jan 10 2013 // State implementation of the Nonadmitted and Reinsurance Reform Act (NRRA), effective July 21, 2011, proceeded relatively smoothly during 2012, albeit with a few hiccups as industry and regulators navigated the transition...

NAIC Elects 2013 Officers; Louisiana’s Donelon Elected President

Dec 3 2012 // Members of the National Association of Insurance Commissioners (NAIC) has elected its 2013 officers: President: Louisiana Insurance Commissioner Jim Donelon President-Elect: North Dakota Insurance Commissioner Adam...