Category: NAIC

  Utilizing managed repair programs for property claims and using contractors controlled by claims organizations to provide property damage repair services could constitute an impermissible conflict of interest and a potential harm to insurance customers, the National Association of Public …

  The National Association of Insurance Commissioners’ (“NAIC”) Reinsurance Task Force has advised that public comments are due by August 22, 2016 on a draft of recent revisions to the XXX/AXXX Credit for Reinsurance Model Regulation.  This comment deadline was …

  The National Association of Insurance Commissioners’ National Treatment and Coordination Working Group is accepting written comments on a draft of Form A Review Best Practices until August 19, 2016.   The proposed Best Practices are ultimately intended to be a …

  Contains Key Statistics on Premiums By State, By Line of Business and Budget Information The National Association of Insurance Commissioners (“NAIC”) released the second volume of the 29th edition of the Insurance Department Resources Report (“IDRR”) today, July 25, …

  The National Association of Insurance Commissioners (“NAIC”) announced today, June 10, 2016, that it has adopted a recommendation that will activate principle-based reserving (“PBR”) starting on January 1, 2017.  The recommendation from the NAIC’s PBR Implementation Task Force follows an extensive …

  Comments are due by May 13, 2016 on the International Association of Insurance Supervisors (“IAIS) Issues Paper on Cyber Risk to the Insurance Sector, the National Association of Insurance Commissioners (“NAIC”) International Insurance Relations Committee (“Committee”) reminded regulators and …

  The National Association of Insurance Commissioners (“NAIC”) Center for Insurance Policy and Research published its most recent newsletter today, March 28, 2016.  Hyperlinks to the articles are provided below:   Roadmap to the Future By John M. Huff, NAIC …

  The National Association of Insurance Commissioners (“NAIC”) released its latest Homeowners Insurance Report today, February 24, 2016, in which it published the most recently validated data on market distribution and average cost by policy form and amount of insurance. To view the …

  To assist regulatory actuaries who are reviewing Own Risk and Solvency Assessment (“ORSA”) reports, the National Association of Insurance Commissioners Casualty Actuarial and Statistical Task Force has prepared an explanatory paper with background information on the Enterprise Risk Management …

  Comments on remaining issues with the National Association of Insurance Commissioners’ Auto Insurance Study Group (“Study Group”) risk classification data survey and overview document drafts were published on December 18, 2015. Built on the results of several states’ recent …