As the third quarter of the year comes to a close, NAIC CEO and The Regulators host Mike Consedine catches up with NAIC President and Director of South Carolina Department of Insurance, Ray Farmer, to discuss the impact these unprecedented times the country is experiencing is having on NAIC's Priorities for the remainder of the year.

Listen to new podcast 

WASHINGTON (October 6, 2020) - A new survey from the National Association of Insurance Commissioners (NAIC) shows that, overall, 47% of consumers surveyed say they don’t understand what their health insurance plans will pay for when it comes to coronavirus testing and treatment. And of the respondents who have been tested or treated for coronavirus, 34% of them say they received a bill that they expected their health insurance to cover.  

The National Association of Insurance Commissioners (NAIC) today released the first volume of the 33^rd edition of the Insurance Department Resources Report (IDRR) to help state insurance departments assess their resources in comparison to other states. The report details how state insurance departments manage available resources to effectively regulate an increasingly complex and competitive industry.

The deductible is the amount you pay before your insurance company starts paying its share of the cost of health care services you receive. Even with insurance, you pay the full cost of services until you meet your plan’s deductible. An exception that applies to most plans are preventive services — most plans provide certain screenings and vaccines at no cost to you, whether you’ve met your deductible or not.  

WASHINGTON (Oct. 2, 2020) – The agenda for the 2020 NAIC Fall National Meeting is now available. The schedule includes interactive sessions, as well as a special session that will be held by The Center for Insurance Policy and Research (CIPR). The meeting, initially scheduled to be held in Indianapolis, Indiana, will be held in a virtual format December 3 – 9, 2020.

KANSAS CITY, Mo (October 1, 2020) –The National Association of Insurance Commissioners (NAIC) recently selected Conning, Inc. to provide Economic Scenario Generator (ESG) services.

On March 4, 2020, the NAIC issued Request for Proposal #2053, soliciting proposals from vendors to provide, maintain, and support an ESG that produces real-world, interest and equity scenarios to be prescribed for use in calculations of life and annuity statutory reserves according to the Valuation Manual (e.g., VM-20, VM-21) and capital under the NAIC RBC Requirements (e.g., C3 Phase 1, C3 Phase 2). NAIC received six proposals and selected Conning.

Wildfires can travel at speeds up to 14 miles per hour. Vegetation loss and erosion from wildfires can even cause flooding, creating problems with transportation, gas, power and communication. But homeowners can reduce their wildfire and flooding risks by “hardening” their homes and creating a defensible space around their homes.