National Association of Insurance Commissioners News
Regulators Say ‘Sandbox’ Approach May Work to Accommodate Tech-Driven Insurance Innovations
How should regulators address technology-driven insurance innovations that don't fit well under existing rules? A "regulatory sandbox" might be the way forward, a panel of regulators said at the ...
NAIC President Nickel: Regulators Must Do Better Understanding Technology and Innovation
State regulators must better understand understanding technology and innovation trends increasingly driving the industry so they can do their jobs better, NAIC president Ted Nickel said. Nickel, who ...
NAIC Brings on Former Penn. Commissioner Consedine as New CEO
The National Association of Insurance Commissioners picked a former Pennsylvania Insurance Commissioner as its new CEO. Michael Consedine, who will take on his new role in early 2017, said in ...
PCI Backs NAIC Flood Insurance Reform Agenda
Property/casualty insurers are throwing their weight behind NAIC proposals that includes long-term reauthorization of the National Flood Insurance Program and also an expanded private market that ...
U.S. ORSA Reports Need Improvement: Regulator’s Viewpoint
If U.S. regulators graded insurers on their ORSA reports, the report cards might say "incomplete" or "needs improvement," a representative of the National Association of Insurance Commissioners ...
Ex-U.S. Sen. Ben Nelson Won’t Renew Contract as NAIC CEO
Former U.S. Senator Ben Nelson will not renew his contract as chief executive officer of the National Association of Insurance Commissioners (NAIC), the group announced. Nelson's current term ends on ...
Florida Bans Price Optimization; Insurers Question Definition
A memorandum released last week by Florida Insurance Commissioner Kevin McCarty warning insurers in the state not to use price optimization in rating has gotten cheers from a consumer advocate group ...
State Regulators Form Cyber Issues Task Force
The National Association of Insurance Commissioners (NAIC) said it has formed a special task force to help states coordinate efforts related to cyber security and insurance industry data and ...