Category: National News

  The National Conference of Insurance Legislators recently concluded its Summer 2010 meeting in Boston, Massachusetts, from July 7-11.  The event was attended by nearly 350 state legislators, insurance regulators, federal officials and various insurance industry and consumer representatives. Among …

  Based upon adoption of the Climate Risk Disclosure Survey (“Survey”) by the National Association of Insurance Commissioners (“NAIC”) earlier this year, the Florida Office of Insurance Regulation has notified certain Florida domestic insurers that, although participation in the Survey …

  The National Association of Insurance Commissioners (“NAIC”) 2010 Summer National Meeting is scheduled for August 14-17 in Seattle, Washington. Below are excerpts from the National Meeting preview, which highlights planned committee activities during the event.   To view the complete …

  Drafts of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Holding Company System Model Act (#440) and the Insurance Holding Company System Model Regulation (#450) are being made available for comments from interested parties until July 21, 2010. Recently …

  Because insurance complaint coding has a significant impact on regulatory focus, as well as the way in which insurance departments and the National Association of Insurance Commissioners (“NAIC”) portray an insurance company’s complaint data to the public, the NAIC’s …

  National Association of Insurance Commissioners (“NAIC”) International Accounting Standards Working Group (“Working Group”) members are currently finalizing the attached memorandum specifying the NAIC’s tentative position on the expected International Financial Reporting Standards Model. Several versions (tracked and untracked changes) …

  The Group Solvency Issues Working Group (“GSIWG”) of the National Association of Insurance Commissioners’ (“NAIC”) Solvency Modernization Initiatives Task Force met on May 21, 2010 to finalize drafts of revisions to the Insurance Holding Company System Regulatory Act (#440) …

  The National Association of Insurance Commissioners (“NAIC”) International Accounting Standards Working Group (“IASWG”) will meet via conference call on May 20, 2010 at 11:00 a.m. (ET) to discuss and vote on adopting a draft of the NAIC’s tentative positions regarding the …

The National Association of Insurance Commissioner’s (“NAIC’s”) Financial Condition Committee (“Committee”) met by teleconference on April 28, 2010, during which it adopted the Committee’s Rating Agency Working Group (“Working Group”) revised final report on risks associated with NAIC reliance on …

  The Catastrophe Risk Subgroup (“Subgroup”) of the National Association of Insurance Commissioners (“NAIC”) met by teleconference on April 21, 2010 to continue its review of a 17-item draft proposal for a risk-based capital (“RBC”) charge for property catastrophe risk …