NAIC News
Market Trend: Millennials Buy More Flood Insurance Than Their Older Counterparts
Millennials — those born between 1981 and 1996— are nearly three times more likely to have purchased flood insurance than their older Baby Boomer counterparts born between 1944 and 1964, a new ...
NAIC Names 2019 Key Committee Leaders
The National Association of Insurance Commissioners (NAIC) has named its 2019 committee chairs and vice chairs. The association of state insurance regulators also assigned members to its standing ...
PCI Annual Meeting: Regulators Sound Off on InsurTech, Driverless Vehicles and More
Insurance regulators from Florida, South Carolina and Tennessee assert that they're working well with innovators seeking to bring InsurTech into company operations and customer interactions. "There ...
Adjuster Licensing Requirements Onerous, Costly
How many states require licensing of staff and/or independent adjusters? As a carrier or an adjusting firm, if you don't know, you just might be in violation. Currently, 34 states require independent ...
What Concerns Regulators About Data Analytics
In dystopian fantasies, artificial intelligence and robots take over the world, acting on their own and becoming completely uncontrollable for their human creators. We're not there yet, and may never ...
NAIC Panelist: Catastrophe Modeling Is in Demand, Well Beyond P/C Insurance
Catastrophe modeling is going mainstream, well beyond the world of property/casualty insurance underwriting. It is becoming a necessary tool as consumers and the municipalities in which they live ...
Lloyd’s CEO Beale Urges Regulators: ‘Try and Keep Up’ With Technology Innovations
As insurers try to innovate and address the rapidly changing needs of their clients, Lloyd's of London CEO Inga Beale has a message for regulators who oversee them: "Try and keep up." Beale, speaking ...
Super Regional Carriers Gain by Educating ‘Suspicious’ Regulators About Tech Advances
"We're curious and we don't know. When regulators don't know what's going on, they get suspicious." That was Wisconsin Insurance Commissioner Ted Nickel acknowledging that like the industry they ...