WASHINGTON (March 1, 2021) — The National Association of Insurance Commissioners (NAIC) released data today on life/fraternal and property/casualty insurers. The reports provide market share information and identify leading insurance writers in several key lines of business. The numbers in the reports will increase throughout the week and month as the report runs.  

WASHINGTON (Feb. 24, 2021) – The National Association of Insurance Commissioners (NAIC) announced that registration for its 2021 Spring National Meeting is open February 23, 2021 – March 22, 2021. The NAIC will host the meeting in a virtual meeting format. To accommodate the virtual format, the new dates for the meeting are April 7-9 and April 12-14, 2021.

The Spring National Meeting registration fee is $495. Registration includes access to the meeting’s Event App, which allows registrants to have exclusive access to meeting recordings and meeting summaries. In addition, meeting minute PDFs will be accessible to registrants within 10 business days after the conclusion of the National Meeting.

NCOIL President and Indiana State Representative Matt Lehman talks with NAIC CEO and The Regulators Podcast host Mike Consedine about the organization's priorities for the year. They discuss the pandemic, race and insurance and working together.

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WASHINGTON (Feb. 18, 2021) – The National Association of Insurance Commissioners (NAIC) has released separate requests for proposal (RFP) for vendors to model expected losses on approximately 6,000 commercial mortgage backed securities (CMBS) and 24,000 residential mortgage backed securities (RMBS). This process will produce valuations for state insurance regulators to set risk-based capital for CMBS and RMBS owned by U.S. insurance companies.

WASHINGTON (February 16 , 2021) – The National Association of Insurance Commissioners (NAIC) released the third in a series of reports that reviews regulatory actions taken to protect policyholders and safeguard the solvency of the insurance sector. The report chronicles state insurance regulators’ actions from January 1, 2020–December 31, 2020, and how those actions have helped mitigate the impacts the pandemic is having on insurance consumers.

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Report: NAIC COVID-19 Report for 2020 Year in Review

If you need health coverage or want to change your Marketplace plan for 2021, you can do it between February 15 and May 15. In response to the COVID-19 pandemic and public health emergency, President Joe Biden issued an executive order that will allow families and individuals to enroll in health care coverage or change their Marketplace plans in most states. The new special enrollment period (SEP) means no qualifying life event is necessary for people to enroll in new plans or change plans. The SEP runs from Feb. 15 – May 15 in most states.  

WASHINGTON (February 9 , 2021) — The National Association of Insurance Commissioners (NAIC) discussed the work of its Climate and Resiliency Task Force during meetings of insurance regulators last week, coordinating state-level efforts to address growing climate risk in the insurance sector. The Climate and Resiliency Task Force coordinates the NAIC’s domestic and international efforts on climate and resiliency issues, including dialogue among regulators, the industry, insurance consumers and other stakeholders. The Task Force addresses national issues and provides states information and tools to support their own individual markets. The NAIC looks forward to working with the new Administration and Congress on the critical work of addressing climate and resiliency issues facing insurance consumers and insurance markets.

WASHINGTON (February 9, 2021) – The National Association of Insurance Commissioners (NAIC) today announced strategic priorities for 2021. NAIC members decide on the priorities and discuss potential workplans annually following the announcement of the organization’s Officer and Committee appointments.

“This year marks 150 years of NAIC members being unified in their commitment to protect consumers and ensure fair, competitive, and healthy markets,” said NAIC President and Florida Insurance Commissioner, David Altmaier. “In 2021, we will continue this tradition and find ways to advance solutions that help foster a robust and responsive insurance sector that provides consumers with safe and reliable insurance products.”

WASHINGTON (February 2, 2021) — The National Association of Insurance Commissioners (NAIC) demonstrates its commitment to advance diversity and inclusion efforts by sharing its internal Diversity, Equity, and Inclusion (DE&I) framework. The NAIC's employees and leadership developed this framework collaboratively to drive change, promote accountability in its workplace, and offer the insurance sector a model to build similar programs.

WASHINGTON (January 29, 2021) —The National Association of Insurance Commissioners (NAIC) announced today that the Vermont Department of Financial Regulation has licensed State Based Systems (SBS).

Homeowners and business insurance policies do not cover earthquake damage. You may want to consider an earthquake insurance policy to help decrease financial losses in the aftermath of an earthquake.

When you shop for an earthquake policy, don't forget about the deductible. A deductible is the amount the homeowner is responsible for paying on each claim. The insurer is responsible for the amount greater than the deductible, up to the coverage limit.