You are here:HomeNews CenterInsurance News2004NAIC Meetings Underway With New Streamlined Structure

NAIC Meetings Underway With New Streamlined Structure

The National Association of Insurance Commissioners (NAIC) is meeting in New York. The meetings got underway Saturday and wrap up today. Earlier last week, the...
March 16, 2004

The National Association of Insurance Commissioners (NAIC) is meeting in New York. The meetings got underway Saturday and wrap up today. Earlier last week, the NAIC approved a new framework that will focus the organization's work and reduce the number of working groups and task forces at this meeting. Some NAIC commissioners have expressed concern that some important work already underway will get sidetracked as a result. But NAIC President and South Carolina Insurance Director Ernst Csiszar said that will not happen. Csiszar was quoted in the National Underwriter (3/12) saying, "None of us want to lose the work we've had, but there are too many meetings and committees."

Csiszar said the NAIC tends to engage in "every issue and every problem," forming groups to address any and all problems that come along. "But our issues are so many and so complex that I think they require focus," he added in remarks to the National Underwriter (3/15). Clearly some issues are bigger than other issues, and that should be reflected in how we handle these issues. I am hopeful that not only can we cut down on the number of meetings but also cut the number of committees, streamline our process and make this more efficient.

We will have full reports from the NAIC meetings in next week's Newsline.