Category: National News

  A new subgroup of the National Association of Insurance Commissioners (“NAIC”) charged with recommending the future of U.S. statutory accounting and financial reporting in light of industry and regulatory interest in adopting universal international standards held its organizational conference …

Though a national task force of state insurance regulators earlier this month rejected the idea of requiring insurers to account for services provided by unregulated affiliates at actual cost or less, the idea may yet resurface as a “best practice” …

  Reacting to recent allegations by critics that insurers may be hiding profits by shifting cash to affiliated service providers, a group of state insurance commissioners last week considered – but then rejected – a proposed standard that would have …

A report to the National Association of Insurance Commissioners’ (“NAIC”) Solvency Modernization Task Force on a suggested “Windows and Walls” approach for regulation of United States-based insurers operating within corporate groups was presented to at the NAIC’s Spring 2010 National …

This article appeared in National Underwriter on March 29, 2010: By PHIL GUSMAN DENVER-The National Association of Insurance Commissioners (NAIC) plans to release a draft white paper on Chinese drywall problems by the summer, the association’s Catastrophe Insurance Working Group …

The National Association of Insurance Commissioners (“NAIC”) Spring 2010 National Meeting is scheduled for March 25-28 in Denver, Colorado.  To access complete meeting information, including daily updates, an agenda and complete preview, click here.  Highlights from the preview are provided …

  A March 27 Reinsurance Task Force agenda from the National Association of Insurance Commissioners’ 2010 Spring Annual Meeting is accessible via the hyperlink below. Also included with the agenda is a letter from South Carolina Director of Insurance Scott …

  The National Association of Insurance Commissioners (“NAIC”) Consumer Connections Working Group (“Working Group”) has scheduled a public hearing on insurance contract readability standards on March 28 as part of the NAIC Spring 2010 Annual Meeting in Denver, Colorado. The hearing, …

A “robust” discussion on regulatory capital requirements, accounting and valuation issues and the related challenges of corporate governance and risk management was the focus of the recently concluded National Association of Insurance Commissioners’ (“NAIC”) Solvency Modernization Initiative Task Force Interim …

During the March 11-12 National Association of Insurance Commissioners’ (“NAIC”) Solvency Modernization Initiative Task Force meeting in Phoenix, Arizona, NAIC International Accounting Standards Working Group Chairman Mel Anderson will be circulating the attached memorandum entitled “Risk Margins: An Overview and …