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News Archives

NAMIC Unveils New Legislative and Regulatory Information Service

NAMIC has inaugurated an upgraded legislative and regulatory tracking service for its member companies. (Posted: 12/21/2005 12:00:00 AM)

NAMIC Extols House/Senate Extension of TRIA

Tonight, NAMIC congratulated the House of Representatives for passing the TRIA extension. (Posted: 12/17/2005 12:00:00 AM)

NAMIC Commends Senate Passage of TRIA

NAMIC commends the House and Senate for reaching a compromise Friday on TRIA, leading the Senate to be able to approve S. 467 late Friday night. (Posted: 12/16/2005 12:00:00 AM)

NAIC Drops CLUE Model Law Initiative, Enthusiasm Fades Says NAMIC

NAMIC welcomed the decision to do no further work on a model law regulating the use of claims databases for underwriting purposes, reached by the by the Market Regulation & Consumer Affairs (D) Committee at the NAIC winter meeting Tuesday in Chicago. (Posted: 12/12/2005 12:00:00 AM)

NAMIC Proposal to Correct Maine UM Decision Cited as Straightforward Approach

Maine’s Bureau of Insurance characterized NAMIC-drafted legislation to correct a Maine Supreme Judicial Court decision regarding mandated uninsured motorist coverage as the most “straightforward” approach in a recent report. (Posted: 12/12/2005 12:00:00 AM)

House of Representatives Passes TRIA Extension Bill

Today, legislation extending for two years the 2002 Terrorism Risk Insurance Act, or TRIA (PL 107-297) was placed on the suspension calendar and brought to the floor of the House of Representatives where it passed by a 371-49 margin. (Posted: 12/7/2005 12:00:00 AM)

NAMIC Board Rejects Alternate SOX Extension Proposal

NAMIC will oppose an amended regulator proposal to add federally-styled internal control measures to state insurance regulation, according to its president. (Posted: 12/7/2005 12:00:00 AM)

Stress Personal Responsibility, Guard Against New Mandates, NAMIC Tells Regulators

A senior NAMIC spokesperson has strongly urged regulators to increase their focus on personal responsibility and to resist efforts that would add new underwriting requirements. (Posted: 12/4/2005 12:00:00 AM)

Study on Cost Impact of New Jersey Court Ruling Shows Need for Legislation, Says NAMIC

A new actuarial study concluding that a New Jersey Supreme Court ruling will substantially increase costs for drivers that choose no fault coverage shows there is a significant need for legislation to correct the decision, according to NAMIC. (Posted: 12/1/2005 12:00:00 AM)

NAMIC Files Amicus in Illinois Timely Claims Notice Case

NAMIC joined with the Illinois Insurance Association Nov. 22 to file an amicus brief in a case dealing with the issue of timely notice to an insurer of a claim or lawsuit. The case, Country Mutual Insurance Co. v. Livorsi Marine, Inc., is before the Illinois Supreme Court. (Posted: 12/1/2005 12:00:00 AM)

Colorado Bill Would Mandate Unnecessary, Duplicative Coverage, Asserts NAMIC (11/30/2005 12:00:00 AM)

NAMIC Announces State Advocacy Resources (11/28/2005 12:00:00 AM)

U.S. Corporate Governance Reforms Could Sacrifice Performance, NAMIC President Tells International Mutual Insurer Conference (11/22/2005 12:00:00 AM)

Governor Taft Signs Security Breach Bill: NAMIC Comments (11/22/2005 12:00:00 AM)

‘Single Private Insurer’ for Oregon’s Construction Liability Coverage Concerns NAMIC (11/22/2005 12:00:00 AM)

NAMIC Urges Louisiana Legislature to Enact a Statewide Building Code (11/22/2005 12:00:00 AM)

House Financial Services Committee Approves NFIP Increase (11/17/2005 12:00:00 AM)

Senate Banking, House Financial Services Committees Approve TRIA Extension Legislation (11/16/2005 12:00:00 AM)

NAMIC Member Companies Donate Nearly $1.4 Million to Victims of Hurricane Katrina (11/15/2005 12:00:00 AM)

NAIC Committee Drops Full SOX; NAMIC Opposes Alternate Proposal for Accounting Control (11/9/2005 12:00:00 AM)

NAMIC Online Realigned to Better Serve Members and Visitors (11/9/2005 12:00:00 AM)

NAMIC Commends Chairman Shuster for Holding Hearings on Legislative Proposals in Response to Hurricane Katrina (11/8/2005 12:00:00 AM)

NAMIC Questions NAIC Budget for ‘Fingerprint Repository’ (11/4/2005 12:00:00 AM)

NAMIC Applauds Passage of Tort Reform Bill (10/27/2005 12:00:00 AM)

NAMIC Bases Legislative and Regulatory Advocate in Northeast (10/20/2005 12:00:00 AM)

NAMIC Leader Lauds Links to State Insurance Trades (10/17/2005 12:00:00 AM)

NAMIC Welcomes Ten New Members (10/14/2005 12:00:00 AM)

NAMIC Says Granholm’s Proposal will Hurt Michigan’s Economy (10/12/2005 12:00:00 AM)

NAMIC Not Part of Group Submitting Alternate Proposal to NAIC on SOX-Like Internal Control (10/12/2005 12:00:00 AM)

Assurance Partners Bank Expands into Metropolitan Washington, D.C. Market; Announces Senior Management Team (10/11/2005 12:00:00 AM)

John Donovan Joins Assurance Partners Bank Board of Directors (10/11/2005 12:00:00 AM)

NAMIC Joins in Amicus Brief on Florida Valued Policy Law (10/11/2005 12:00:00 AM)

Robert A. Wadsworth is 2006 NAMIC Chairman (10/5/2005 12:00:00 AM)

NAMIC Presents Legislator of the Year Award to North Dakota Rep. George Keiser (10/5/2005 12:00:00 AM)

2005 Service Awards Presented to Four at NAMIC Annual Business Meeting (10/5/2005 12:00:00 AM)

John Fisher Receives 2005 NAMIC Chairman’s Award (10/3/2005 12:00:00 AM)

Charles Smith is 2005 Professional Farm Mutual Manager of the Year, as 16 New PFMM Designees are Announced (10/3/2005 12:00:00 AM)

Claims Phone Numbers and Websites for NAMIC’s Texas Insurers (9/23/2005 12:00:00 AM)

Public Policy Issues to Highlight NAMIC 110th NAMIC Convention (9/22/2005 12:00:00 AM)

Another Sarbanes-Oxley Compliance Extension Expected From SEC for Smaller Public Companies (9/19/2005 12:00:00 AM)

NAMIC Statement on Mississippi Litigation Against the Property/Casualty Insurance Industry Since ‘Katrina’ (9/16/2005 12:00:00 AM)

NAMIC Establishes Relief Fund for Victims of Katrina (9/2/2005 12:00:00 AM)

New Enactments of Self-Audit Privilege Provide Encouragement for Other States; NAMIC Says (8/22/2005 12:00:00 AM)

Illinois High Court Overturns Unjust Verdict on Non-OEM Parts, But Case Demonstrates Need for Class Certification Reform, Says NAMIC (8/18/2005 12:00:00 AM)

Credit-based Insurance Scoring in Renewal Policy Underwriting Essential for Accuracy, says NAMIC (8/17/2005 12:00:00 AM)

NAMIC Encourages Hawaii Legislative Working Group to Adopt Rate Modernization (8/16/2005 12:00:00 AM)

Oxley Delivers Latest Blow to SOX for Mutuals, NAMIC Tells Regulators (8/10/2005 12:00:00 AM)

NAMIC Says State Actions Render Proposed NAIC Claims History Model ‘Irrelevant’ (8/9/2005 12:00:00 AM)

NAMIC Welcomes Eight New Members (8/1/2005 12:00:00 AM)

NAMIC Supports Small Company Tax Inflation-Adjustment Legislation (7/29/2005 12:00:00 AM)

California Automotive Repair Dealers Bill Temporarily Stalled, NAMIC Says (7/28/2005 12:00:00 AM)

Terrorism Reinsurance Backstop is Necessary (7/27/2005 12:00:00 AM)

Banking Exemption from SOX Requirements Should Instruct NAIC, Says NAMIC (7/25/2005 12:00:00 AM)

NAMIC Supports Small Company Tax Inflation-Adjustment Legislation (7/25/2005 12:00:00 AM)

Auto ‘Black Box’ Laws Could Pose Underwriting Obstacles, NAMIC Says (7/25/2005 12:00:00 AM)

NAMIC Commends Indiana Insurance Commissioner on Anti-Fraud Task Force (7/15/2005 12:00:00 AM)

Insurance Regulatory Reform Not About States Rights; Prior Approval Has to Go, NAMIC Tells State Legislators (7/11/2005 12:00:00 AM)

NAIC Sarbanes-Oxley Plan Gets Tough Scrutiny By NCOIL; State Legislative-Based Alternative Contemplated (7/8/2005 12:00:00 AM)

Security Breach Notification Laws Should Concern Insurers, NAMIC Says (7/7/2005 12:00:00 AM)

Finite Re Blanks Disclosure and Attestation Has Fishing Expedition Aspects, NAMIC Tells Working Group (7/7/2005 12:00:00 AM)

Treasury TRIA Report Unduly Sanguine about Private Market’s Ability to Provide Terrorism Insurance (6/30/2005 12:00:00 AM)

NAMIC Commends Louisiana Lawmakers for Adjustments Made to Residual Market Rating Formulas (6/29/2005 12:00:00 AM)

NAMIC Says Focus on Underwriting Flexibility, Regulator Accountability to ‘Re-shape’ Insurance Reg Climate (6/22/2005 12:00:00 AM)

Insuring Against Certain Risks Requires Government Participation, Concludes NAMIC Report (6/21/2005 12:00:00 AM)

No Great Gains or Losses for Insurers During Vermont Legislative Session, Says NAMIC (6/16/2005 12:00:00 AM)

NAMIC Glad Full Sarbanes-Oxley ‘Off the Table,’ but Says Cost, Applicability Remain at Issue (6/15/2005 12:00:00 AM)

NAMIC Commends South Carolina Governor for Letting Seatbelt Bill Become Law Without his Signature (6/9/2005 12:00:00 AM)

Tennessee Lawmakers Busy on P/C Issues, NAMIC Analysis Reveals (6/9/2005 12:00:00 AM)

NAIC Sarbanes-Oxley 404 Proposal Would Impose Exorbitant Costs (6/8/2005 12:00:00 AM)

Colorado Governor Vetoes NAMIC-Opposed Legislation (6/3/2005 12:00:00 AM)

Indiana Commissioner Heeds NAMIC’s Call on Credit-based Insurance Scoring Bulletin (6/3/2005 12:00:00 AM)

Sarbanes-Oxley for Non-Public Insurance Companies ‘Doesn’t Fit,’ says NAMIC Report; Offers Process to Evaluate Solvency Laws (6/2/2005 12:00:00 AM)

Senate Judiciary Committee Passes FAIR Act (5/26/2005 12:00:00 AM)

Statutory Remedies to Curb Fraud Abuse Spreading Across U.S., Says NAMIC (5/25/2005 12:00:00 AM)

NAMIC to Present Sarbanes-Oxley Cost Benefit Analysis at NAIC Summer Meeting (5/18/2005 12:00:00 AM)

NAMIC Staff Directors Take Key ALEC Task Force Roles (5/17/2005 12:00:00 AM)

Hawaii: Legislature to Study NCOIL Property/Casualty Insurance Modernization Act; NAMIC Comments (5/16/2005 12:00:00 AM)

Colorado Legislature Protects Guaranty Fund Solvency, Viability; NAMIC Comments (5/16/2005 12:00:00 AM)

ALEC Publishes NAMIC Argument Against Applying Sarbanes-Oxley Rules to Mutual Insurers (5/13/2005 12:00:00 AM)

Indiana Gov. Daniels Heeds Request for Veto of Defective Seat Belt Defense Bill; NAMIC Comments (5/13/2005 12:00:00 AM)

Florida Legislation: It’s More Than Hurricanes NAMIC Analysis Reveals (5/13/2005 12:00:00 AM)

North Dakota Legislative Enactments to Significantly Impact Industry; NAMIC Comments (5/10/2005 12:00:00 AM)

Author Pulls Bill Mandating California Insurer Community Investments (5/6/2005 12:00:00 AM)

NAMIC Asks Ind. Gov. Daniels to Veto Defective Seat Belt Defense Bill (5/6/2005 12:00:00 AM)

NAMIC Commends Maryland Legislative Focus on Teen Driving (5/5/2005 12:00:00 AM)

California Legislative Committee Takes Correct Action on Producer Requirements (5/2/2005 12:00:00 AM)

California Insurance Regulator Continues Search for Problem to Solve on Broker Compensation (4/27/2005 12:00:00 AM)

Failure of Four Bills to Ban or Restrict Credit-Based Insurance Scoring in Washington Critical to State Insurance Marketplace, Says NAMIC (4/26/2005 12:00:00 AM)

NAMIC Urges Anti-Tort Reform, Workers Compensation Vetoes in Colorado (4/25/2005 12:00:00 AM)

Kansas Self-Audit Law Boon to Consumers and Industry; NAMIC Comments (4/21/2005 12:00:00 AM)

NAMIC Opposes Garamendi’s Proposed ‘Use it and Lose it’ Regulations (4/20/2005 12:00:00 AM)

Specter Asbestos Discussion Draft ‘Unacceptable’ to PCI and NAMIC (4/19/2005 12:00:00 AM)

NAMIC Presents Benjamin Franklin Public Policy Award© to Members of the 108th Congress (4/19/2005 12:00:00 AM)

Assurance Partners Bancorp Merges with Federal City Bancorp (4/18/2005 12:00:00 AM)

Regulators Table Risk-Loads Proposal Opposed by NAMIC, Other Trades (4/18/2005 12:00:00 AM)

‘Disparate Impact’ Theory Provides No Support for Banning Credit-based Insurance Scoring, According to Paper Published by Washington Legal Foundation (4/18/2005 12:00:00 AM)

With Producer Compensation Resolution Unknown, NAMIC Says Look at ‘Cost to Consumer of Regulation’ (4/13/2005 12:00:00 AM)

West Virginia Governor Deserves Credit for Legal, Insurance Reforms, Says NAMIC Official (4/13/2005 12:00:00 AM)

Mississippi Lawmakers Increase Minimum Auto Liability Limits, Says NAMIC (4/8/2005 12:00:00 AM)

Georgia Lawmakers Deserve Credit For Major Tort Initiatives, Says NAMIC (4/1/2005 12:00:00 AM)

NAMIC Pleased With Insurance Laws Enacted in South Dakota (3/29/2005 12:00:00 AM)

NAMIC Considers NAIC Broker Compensation Disclosure Amendment Overbroad, Confusing, Ambiguous, and of Limited Value to Consumers (3/25/2005 12:00:00 AM)

NAMIC Calls Utah’s Legislative Session ‘A Glass Half Full’ (3/24/2005 12:00:00 AM)

NAMIC Pleased Kentucky Lawmakers Pass Auto Cleanup Bills, Amend Local Premium Tax Procedures (3/23/2005 12:00:00 AM)

Alldredge Named to Coordinate NAMIC State Advocacy Strategies (3/22/2005 12:00:00 AM)

NAMIC Urges NAIC to Tailor Broker Compensation Remedy to Actual Problem (3/15/2005 12:00:00 AM)

NAMIC Supports NCOIL Stance Against Proposed Sarbanes-Oxley Regs (3/14/2005 12:00:00 AM)

NAMIC Applauds Nebraska Senate Approval of Personal Lines Rate Modernization (3/3/2005 12:00:00 AM)

NAMIC Pleased Virginia Enacts Stricter Driver’s License Laws, Tougher DUI Sanctions (3/1/2005 12:00:00 AM)

NAMIC Testifies in Support of Anti-Fraud Legislation in Vermont (3/1/2005 12:00:00 AM)

Assurance Partners Bancorp Shareholders Approve Merger with Federal City Bancorp (2/28/2005 12:00:00 AM)

NAMIC Growth Drives Market Share Increases (2/25/2005 12:00:00 AM)

House Overwhelmingly Passes Class Action Reform—President Bush Expected to Sign Legislation (2/17/2005 12:00:00 AM)

NAMIC Applauds Newly Introduced Natural Disaster Legislation (2/17/2005 12:00:00 AM)

West Virginia Lawsuit, Insurance Reforms Long Overdue: NAMIC (2/15/2005 12:00:00 AM)

NAMIC Hails Senate Passage of Class Action Reform (2/10/2005 12:00:00 AM)

NAMIC To Regulators: State Reasons for Adding Sarbanes-Oxley to State Insurance Law (2/10/2005 12:00:00 AM)

Few States Pass Nearly Half of New P/C Insurance Laws in NAMIC Analysis (2/9/2005 12:00:00 AM)

NAMIC Pushes For Reforms of Indiana Fraud, UM/UIM Laws (2/8/2005 12:00:00 AM)

NAMIC Poised to Object During Sarbanes-Oxley ‘404’ Deliberation (2/7/2005 12:00:00 AM)

NAMIC Applauds Committee Approval of North Dakota Rate Modernization Bill (2/3/2005 12:00:00 AM)

Detlefsen to Direct NAMIC Public Policy Initiatives (2/3/2005 12:00:00 AM)

NAMIC Statement on President Bush’s Call for Enactment of Class Action Reform Legislation (2/3/2005 12:00:00 AM)

NAMIC Concurs With Texas Commissioner on Accuracy of Insurance Scoring in Predicting Risk (2/1/2005 12:00:00 AM)

CFA Report Long on Innuendo, Short on Evidence, Says NAMIC (1/28/2005 12:00:00 AM)

NAMIC Opposes Colorado Bill to Ban Credit-Based Insurance Scoring (1/26/2005 12:00:00 AM)

NAMIC Opposes North Dakota Bill To Limit Underwriting Freedom (1/20/2005 12:00:00 AM)

NAMIC Says NAIC Broker Dealer Model Laudable But Still Too Broad (1/20/2005 12:00:00 AM)

NAMIC Testifies for North Dakota Rate Modernization Bill (1/18/2005 12:00:00 AM)

NAMIC Appoints Western Region State Affairs Manager (1/18/2005 12:00:00 AM)

Rate Modernization, Protecting Underwriting Tools, Tort Reform Top 2005 NAMIC National State Agenda (1/14/2005 12:00:00 AM)

NAMIC Pleased That President Bush Is Determined to Obtain Legal Reform (1/6/2005 12:00:00 AM)

NAMIC Says New Texas Study Puts To Rest Question of Relationship Between Credit-based Insurance Scores and Claims (1/6/2005 12:00:00 AM)

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