You are here:HomeNews CenterInsurance News2003Past President Harter, PIA National Staffers Attend NAIC Symposium in Washington D.C.

Past President Harter, PIA National Staffers Attend NAIC Symposium in Washington D.C.

The National Association of Insurance Commissioners (NAIC) held asymposium in downtown Washington, D.C. on February 27 and 28, 2003, focusing on the successes, challenges and...
March 4, 2003

The National Association of Insurance Commissioners (NAIC) held asymposium in downtown Washington, D.C. on February 27 and 28, 2003, focusing on the successes, challenges and opportunities facing state regulation in 2003. The symposium drew many of the nation's state insurance commissioners, including NAIC President Mike Pickens and past NAIC president Terri Vaughan. Also in attendance at the symposium were PIA National's immediate past president Steven Harter and PIA staff members Ellen Sanders, Alyssa Keehan, and Pete Bizzozero.

Some of the issues identified as key to state regulators in 2003 during the symposium were: market regulation reform; financial solvency regulation; the role of regulators in the current property and casualty hard market; whether class action litigation is unconstitutionally usurping the power of state insurance departments; and the crisis regarding the affordability of health insurance. Speaking on the aforementioned issues was a very qualified group of presenters that included Michael Maves, the CEO of the American Medical Association; Superintendent Greg Serio of New York; and Elizabeth Cabraser, the lead attorney in the State Farm imitation parts consumer fraud litigation.

What It Means to Agents:  If PIA members would like more information about the specific issues discussed at the NAIC symposium, please contact Ellen Sanders at ellensa@pianet.org