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• 2013 Summit
May 29-31, 2013
San Diego, CA
International Insurance Forum
Click here for E-Reg presentations and more information
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RFP 1567 for Actuarial Consulting Services
The NAIC has released a request for proposal (RFP) to explore the possibility of hiring one or more consulting actuaries to assist in reviewing the reserve methodologies used by insurers offering insurance policies subject to sections 8D and/or 8E of Actuarial Guideline XXXVIII (AG 38).
 
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.

Full Story | NAIC Store
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U.S.-EU Insurance Dialogue Outlines A Way Forward
Kevin M. McCarty NAIC Most Immediate Past President and Florida Insurance CommissionerKevin 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.

Full Story

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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 Story | NAIC Store
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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.

Full Story | NAIC Store
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NAIC Elects 2013 Officers
2013 NAIC Officers

President: Louisiana Insurance Commissioner Jim Donelon (left-center)
President-Elect: North Dakota Insurance Commissioner Adam Hamm (right-center)
Vice President: Montana State Auditor and Commissioner of Securities and Insurance Monica J. Lindeen (left)
Secretary-Treasurer: Pennsylvania Insurance Commissioner Michael F. Consedine (right)

The newly elected officers will assume their duties on Jan. 1, 2013.

Full Story | AUDIO: Interview with 2013 NAIC President and Louisiana Insurance Commissioner Jim Donelon
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