NAIC Weighs Overriding Credit-Rating Companies
The National Association of Insurance Commissioners is gearing up to challenge credit graders by overruling ratings on certain assets bought by insurance ...
NAIC News
NAIC Adds ‘Deep Concerns’ to FIO Bid to Collect Climate Change Data From Insurers
In a letter to the Treasury's Federal Insurance Office, the National Association of Insurance Commissioners expressed its "deep concern" over a proposal to collect data ...
NAIC Passes Pet Insurance Model Act
The National Association of Insurance Commissioners (NAIC) has passed a Pet Insurance Model Act to establish appropriate regulatory standards for the growing pet insurance industry. "This model law ...
Insurance Commissioners Endorse Climate Risk Disclosure Standard for Insurers
The National Association of Insurance Commissioners (NAIC) announced at its spring meeting that a bipartisan group of state insurance regulators has adopted a new standard for insurance companies to ...
Idaho Commissioner Cameron to Lead NAIC in 2022; Other Officers Named
During the Fall 2021 National Meeting last week, Idaho Insurance Director Dean L. Cameron was elected 2022 of the National Association of Insurance Commissioners, and Missouri Insurance Director ...
NAIC Forms New Committee on Innovation, Cyber, Emerging Tech
Members of the National Association of Insurance Commissioners voted on Dec. 16, 2021, to form a new Innovation, Cybersecurity, and Technology (H) Committee to address the insurance implications of ...
Chubb Wrote the Most U.S Cyber Business in 2020; Sector Grew Nearly 30%: NAIC
The cyber insurance market in the U.S. grew to roughly $4.1 billion in direct written premiums in 2020, an increase of 29.1% from the prior year, reports the National Association of Insurance ...
Reinstated: Actuarial Ratemaking Principles Are Back!
Less than a month ago, the prospect that long-held principles of actuarial ratemaking would survive an action by the Casualty Actuarial Society board of directors to rescind them late last year ...
U.S. Regulators Are Close to Creating Pet Insurance Legal Standards
U.S. insurance regulators are close to creating a legal standard for pet insurance that would address long-standing consumer complaints that insurers rarely pay up when their furry friends are not ...