• 

  News and Publications

  • Media Room
  • News: Federal
  • News: State
  • Publications
  • Subscriptions

• 

  Seminars and Services

  • Convention
  • Event Calendar
  • Services

• 

  Government Affairs

  • Advocacy
  • Compliance
  • Issue Resources
  • Legislative Reports
  • Public Policy
  • Political Action

• 

  About NAMIC

  • Membership
  • History
  • Member Directory
  • Employment
  • Affiliates
  • Contact

Read	E-mail Print

News Archive: National Association of Insurance Commissioners (NAIC)

Reinsurance Overhaul Sails Through Committees; Still Needs Congressional Act to Work

Its parliamentary prospects barely scathed by panic elsewhere in the financial services industry, a new, lower collateral plan for reinsurers caught only single nays in each of two committees considering it during the fall NAIC meeting. (Posted: 9/30/2008)

Market Conduct Proposals Approved in Surprise Move

When the draft agenda for the NAIC Joint Executive (EX) Committee/Plenary was published on Sept. 10, nothing in it suggested that the committee would consider action on anything related to the highly controversial Market Conduct Annual Statement proposal, which was approved by the Market Regulation & Consumer Affairs (D) Committee during a conference call in April. (Posted: 9/30/2008)

Task Force Cancels Vote on Climate Risk Disclosure Proposal

In our NAIC Preview, we reported being told by NAIC staff just days before the beginning of the fall meeting that the Climate Change and Global Warming (EX) Task Force would cancel its expected vote on its Climate Risk Disclosure Proposal. This information proved accurate. (Posted: 9/30/2008)

Preference is for 1-in-100-year Standard for Catastrophe RBC

Members of the NAIC’s Catastrophe Risk Subgroup decided Sept. 21 during the NAIC fall meeting to use a 1-in-100-year standard for a factor that will reflect insurers’ catastrophe risk. (Posted: 9/30/2008)

NAIC Condemns Wall Street Journal Editorial on Origin of AIG Problems, Linkage to State Insurance Regulation

New York Insurance Superintendent Eric Dinallo told a huge audience during the fall NAIC meeting that there was “no consideration at any time of compromising policyholder interests” in the deal to maintain viability of AIG. (Posted: 9/30/2008)

Market Regulation Committee Discusses Credit Scoring Paper

Two days prior to the NAIC fall national meeting in National Harbor, Md., the Market Regulation & Consumer Affairs (D) Committee released its Aug. 26 draft "Review of the Use of Credit-Based Insurance Scoring by Insurers." Committee Chair John Morrison of Montana requested the paper during the summer national meeting in June. The paper was prepared by NAIC staff. (Posted: 9/30/2008)

Decision on Mutuals’ GAAP-like Disclosures Postponed by NAIC/AICPA Working Group

Organizing a decision-making group for formulating new disclosures for statutory reporting will be the topic of an NAIC/AICPA Working Group teleconference before the winter NAIC meeting. (Posted: 9/30/2008)

Long Agenda Precludes Deliberation on Pension, Benefits Guidance

The NAIC's Statutory Accounting Principles Working Group's long and tedious agenda forced further deliberation on new issue papers for pensions and other post-employment benefits for another day. The working group met Sept. 22 during the NAIC's fall meeting. (Posted: 9/30/2008)

Personal Lines Regulatory Framework Project Still on Hold

During the Sept. 24 meeting of the NAIC’s Speed to Market (EX) Task Force, the chair of the Personal Lines Regulatory Framework Working Group, Alabama's David Parsons, reported that little had occurred since the working group’s conference call in May. (Posted: 9/30/2008)

New Market Conduct Accreditation Proposal Released

The Market Regulation & Consumer Affairs (D) Committee released the second draft of a Market Regulation Accreditation Program" during its Sept. 24 fall meeting in National Harbor, Md. (Posted: 9/30/2008)

Market Regulation Committee to Review Credit Scoring Studies (12/18/2007)

NAIC to Initiate State Legislator Orientation Program (12/18/2007)

Market Conduct Accreditation Proposal Slated for Discussion Only (12/18/2007)

Report Due on Personal Lines Regulatory Framework Project (12/18/2007)

Post-employment Benefits Liability Up in Air for Statutory Accounting (12/18/2007)

New Reinsurance Plan Will Proceed Up NAIC Committee Hierarchy but Operation is Contingent on Act of Congress (12/18/2007)

No Formal Action on Market Conduct Annual Statement Proposal (12/18/2007)

NAMIC Offers Comments to Climate Change Task Force (12/18/2007)

Connecticut: NAMIC-supported Challenge to AG Authority to Share Submitted Information Dismissed on Procedural Grounds (12/18/2007)

Why Migrate to IAIS or EU Solvency Regulation? NAIC Weighs That, International Accounting (12/18/2007)

How NAIC Emulates International Solvency Regulation is Crucial Question for Meeting (12/18/2007)

NAIC Reinsurance Task Force Pushes ‘Modernization’ Plan, Acknowledges Congressional Act May be Required (12/18/2007)

Legislators Say ‘No’ to NAIC on Market Conduct (12/18/2007)

NAMIC Comments on Revised NAIC Climate Risk Disclosure Proposal (12/18/2007)

NAIC Seeks Comments on Accreditation Proposal (12/18/2007)

Clarification on Intercompany Pooling Part of Statutory Accounting Agenda (12/18/2007)

NAMIC Continues to Raise Issues on Climate Change Initiative (12/18/2007)

Independent Adjuster Licensing Guideline Approved by Parent Committee (12/18/2007)

Personal Lines Regulatory Framework Update (12/18/2007)

NAMIC Raises Significant Issues with Market Conduct Annual Statement (12/18/2007)

NAIC/AICPA Group Tallies Adoption of Model Audit Rule (12/18/2007)

NARAB Working Group Recommends Certification For Four Jurisdictions (12/18/2007)

SERFF Board Bylaws Issue Heats Up (12/18/2007)

NAIC Will Allow Municipal Bond Ratings to be Severed From Bond Insurer Downgrade (12/18/2007)

Market Regulation Committee Floats Accreditation Program (12/18/2007)