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NAIC CEO Vaughan Appointed Chair of International Insurance Forum
Therese M. (Terri) Vaughan, Ph.D., CEO of the National Association of Insurance Commissioners, has been appointed chair of the Joint Forum by its parent ...
Focus Now Shifts to Implementation Process
Now that Congress has approved healthcare reform, the nation's health system will undertake the broadest changes in more than four decades. After spending ...
NCOIL Tells Congress Don't Exempt AHPs From State Regulation
Allowing association health plans (AHPs) to be exempt from state regulation is a bad idea, according to the National Conference of Insurance Legislators ...
Why Does the NAIC Opposes AHPs?
In a nutshell - NAIC does not wish to see a repeat of the early ERISA days fiascos. Key to NAIC concerns is the regulatory...
PIA Advises NAIC Anti Fraud Subgroup Redrafting Premium Pass-Through Account Model
PIA and other agent trade association representatives met on February 26 with members of an NAIC Anti Fraud subgroup to edit a proposed model bill...
NAIC Launches Campaign to Fight Unauthorized Insurance
During the course of the next several months, the National Association of Insurance Commissioners (NAIC) will roll out a campaign to combat fraudulent ...
Kerry Proposes Federal Health Reinsurance Plan, Bush Campaign Criticizes
Sen. John F. Kerry (D-Massachusetts), the presumptive Democratic presidential nominee, has proposed that the federal government reimburse employers 75 percent ...
NAIC Debates Fiduciary Responsibility of Insurance Producers Model Act
The NAIC's Antifraud Task Force met on Sunday, June 13, 2004, to discuss a draft of its controversial Fiduciary Responsibility of Insurance Producers Model ...
TRIA a Hot Topic at the NAIC Summer Meeting
Facing the potential expiration of the Terrorism Risk Insurance Act (TRIA) if Congress does not extend it, the insurance industry continues to fight for an...
NAIC Calls for Two-Year TRIA Extension
The National Association of Insurance Commissioners (NAIC) issued a press release commenting on its endorsement of a resolution passed at their summer national ...
PIA's Don Flanders Chairs NCOIL Forum on CLUE
Don Flanders, chairman of the PIA National Regulatory Affairs Committee, moderated a panel discussion on the use of CLUE (Comprehensive Loss Underwriting ...
NCOIL Passes TRIA Extension Resolution
The National Conference of Insurance Legislators (NCOIL) has adopted a resolution urging Congress to extend the Terrorism Risk Insurance Act (TRIA). The law is ...
Ario and Skelton Testify Before NCSL on Use of CLUE Reports
During the recent annual meeting of the National Conference of State Legislatures (NCSL), ChoicePoint Assistant Vice President Jeffrey Skelton and Colorado ...
Rise in Demand for Terrorism Insurance Attributed to Political Conventions
Insurance brokers in Boston and New York are reporting an increase in demand for terrorism insurance, as property owners anticipate greater risks during the ...
Work Continues on NAIC Fingerprinting Model
The Fingerprint Subgroup of the National Association of Insurance Commissioner's (NAIC) Producer Licensing Working Group held a conference call on Thursday, ...
NCOIL Calls for Congressional Study of Natural Disaster Fund
Steven Geller, President of the National Conference of Insurance Legislators (NCOIL), is calling on Congress to authorize a study that would investigate the ...
NAIC Continues Work on Fiduciary Responsibility of Insurance Producers Model Act
The NAIC Producer Licensing Working Group continues to develop the Fiduciary Responsibility of Insurance Producers model. At the NAIC's December 4-7 winter ...
NAIC's Online Fraud Reporting Database Receives Budget Approval
The NAIC has received budget approval for its online fraud reporting database. They will begin to develop the system in January with a target release...
NAIC Continues Work on Criminal History Record Check Model Act
During the NAIC's winter meetings, held December 4-7 in New Orleans, the NAIC's Producer Licensing Working Group announced that it will continue to work on...
NAIC Subgroup Releases New Draft on Unauthorized Transaction of Insurance Criminal Model Act
At the National Association of Insurance Commissioners (NAIC) winter meetings, held December 4-7 in New Orleans, the Multiple Employer Welfare Arrangements ...
NAMIC Says NAIC Should Debate Models in Public, Not Behind Closed Doors
Any NAIC deliberation or discussion that has legal or persuasive effect on insurance law and regulation is the public's business and must be conducted in...
Homeland Security Department Eyes Use of Insurance Premium Discounts
The Department of Homeland Security is considering using the incentive of insurance premium discounts to promote better antiterrorism security measures by ...
NAIC Meets This Week, Broker Disclosure On Agenda
The National Association of Insurance Commissioners (NAIC) Executive Committee on Broker Activities will conduct a public hearing on Monday, March 14 in Salt ...
NAIC Considers Model to Regulate Discount "Health Plans"
The National Association of Insurance Commissioners (NAIC) is seeking comments on a draft of its Medical Discount Plan Organization Model Act. The purpose of ...
NAIC, NCOIL Collaborate on Natural Catastrophe Plan
State regulators will join with state legislators in gathering input for a natural catastrophe insurance risk plan now under development by the National ...
NY DOI Requires CEOs to Certify They're Not Manipulating Results
On March 29, the New York State Insurance Department issued a directive requiring the chief executives of the insurance companies it regulates to take an...
Former AIG Chairman Hank Greenberg Takes the Fifth
The former head of American International Group Inc. (AIG), Maurice "Hank" Greenberg, refused to answer questions on Tuesday from regulators looking into ...
FBI Backs Off Statements of "Broad Inquiry" Into Insurance Industry
One day after a report in the New York Times quoted an FBI official as saying the Bureau was conducting a widespread probe of the...
Contact Members of Congress and Urge TRIA Extension
The Terrorism Risk Insurance Act (TRIA) is set to expire on December 31, 2005. PIA members: your Members of Congress need to hear personal stories...
A.M. Best Takes Rating Actions Based on Hurricane Katrina
Due to the evolving effects of Hurricane Katrina, A.M. Best Co. has been aggregating public and private information in order to assess the financial impact...