Category: National News

  Testifying as President of the National Association of Insurance Commissioners (“NAIC”) Chairman at a Congressional subcommittee hearing today, November 29, 2012, Florida Insurance Commissioner Kevin McCarty raised concerns regarding the proposed application of “one size fits all” capital rules …

  At the National Conference of Insurance Legislators (“NCOIL”) Annual Meeting held this past weekend (November 15-18) in Alabama, legislators in attendance made various key public policy decisions, among which included: The NCOIL Executive Committee’s adoption of a Certificates of …

Already strapped with a $17 billion debt, the National Flood Insurance Program (“NFIP”) faces looming new flood-related claims from “Superstorm” Sandy, the cost of damage from which early projections already place in the $6-12 billion dollar range, according to Ed …

  At the suggestion of various trade associations, for each insurer that filed a Property Risk-Based Capital (“RBC”) report for year-end 2011, the National Association of Insurance Commissioners (“NAIC”) is advising companies’ Annual Statement and RBC contacts about a change …

  The National Association of Insurance Commissioners (“NAIC”) will compile and distribute a survey to regulators to help determine what they need to conduct solvency monitoring of nonadmitted insurers, members of the Surplus Lines Requirements Subgroup (“Subgroup”) of the Surplus …

  The National Association of Insurance Commissioners (“NAIC”) has formed a new working group to provide timely actuarial guidance for life insurers seeking to comply with recent revisions to Actuarial Guideline XXXVIII-The Application of the Valuation of Life Insurance Policies …

  The Federal Advisory Committee on Insurance (“FACI”) has scheduled a public meeting on Wednesday, November 14, 2012 in Washington, D.C. at 10:00 a.m. (EST).  To view the meeting notice, click here. In addition to international insurance matters, topics to …

  The National Conference of Insurance Legislators (“NCOIL”) will hold its Annual Meeting from November 15-18, 2012 in Point Clear, Alabama.  Below is an NCOIL outline of topics and issues scheduled to be considered at the meeting.  Colodny Fass& Webb …

  Making insurers’ post-catastrophe claim settlement practices more consumer-friendly will be the focus of a two-hour public hearing scheduled to begin at 8:00 a.m. on Sunday, December 2, 2012 at the National Association of Insurance Commissioners (“NAIC”) 2012 Fall National …

  Above:  Mike Culbertson, President, The Seibels Bruce Group   The Seibels Bruce Group (“Seibels”) issued a news release today, October 22, 2012, announcing the upcoming retirement of its President, Mike Culbertson.  Mr. Culbertson will remain as President until his …