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NAIC Releases Report on Profitability By Line, By State in 2011
Report Contains Key Ratios on Profitability Results for the Property and Casualty Insurance Industry on a Countrywide and State Basis |
The NAIC released the Report on Profitability by Line by State in 2011. The report estimates and allocates profitability in property/casualty insurance by state and by line of insurance. The ability to analyze results in this way enhances transparency on the financial impact that the economic climate has had on each of these lines. Combined with other information, this can be utilized in further analysis of competition and market performance.
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U.S.-EU Insurance Dialogue Outlines A Way Forward |
Kevin M. McCarty
NAIC Immediate Past President
and Florida
Insurance
Commissioner
After a year of intense discussion, the Steering Committee of the U.S.-EU Insurance Dialogue Project has issued a revised joint report and is proposing a set of common objectives along with a series of initiatives designed to enhance insurance regulatory cooperation and collaboration. The Steering Committee, which includes representatives of the NAIC, the U.S. Federal Insurance Office (FIO), the European Commission (Commission) and the European Insurance and Occupational Pensions Authority (EIOPA), will craft a detailed project plan in early 2013 to be pursued over the next five years.
“I believe we have achieved a greater mutual understanding of our respective solvency systems through the U.S.-EU Dialogue Project,” said NAIC President and Florida Insurance Commissioner Kevin M. McCarty.
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NAIC Releases Annual Homeowners Insurance Report |
The NAIC released its 2010 Homeowners Insurance Report, providing data on market distribution and average cost by policy form and amount of insurance.
The report includes countrywide and state-specific premium and exposure information for non-commercial dwelling fire insurance and for homeowners insurance package policies. It also contains descriptions of the data and a discussion about the way certain economic, demographic and natural phenomena impact the price of homeowners insurance. Full
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2009/2010 Auto Insurance Report Now Available |
The NAIC announced the release of its 2009/2010 Auto Insurance Database Report, which provides the average costs associated with personal automobile insurance nationwide.
Developed by the Casualty Actuarial and Statistical Task Force of the NAIC's Property and Casualty Insurance Committee, the report features state-by-state auto insurance data designed to provide necessary information and analysis to insurance regulators, consumers and policymakers.
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