December 7-10, 2019, Austin, TX

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The guidance issued by the Financial Stability Oversight Council (FSOC) appropriately prioritizes activities-based approaches to identifying systemic risk and the importance of working with regulators to address concerns. It will also ensure a more robust exit-ramp for any designated firms and provides more transparency into the reasons for designation. The NAIC has long advocated for these changes and appreciates the revisions adopted by FSOC.

WASHINGTON (Nov. 27, 2019) – The National Association of Insurance Commissioners (NAIC) released its 2019 Report on the Cybersecurity Insurance and Identity Theft Coverage Supplement. The report provides state insurance departments with data about cybersecurity insurance market developments. The report found the total U.S. market for insurance was about $3.6 billion, a 14.54% increase from the total market in 2017.

(WASHINGTON) Nov. 25, 2019 – The NAIC released data today on homeowners insurance in its report, “Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owner’s Insurance Report: Data for 2017.”  The report provides national and state-specific data to identify factors that affect non-commercial dwelling fire insurance and homeowners insurance premiums. Data was collected from statistical agents in all the states with the exception of California and Texas, which provide data to the NAIC though their state departments of insurance.

The NAIC applauds the House for passing a long-term reauthorization of the Terrorism Risk Insurance Program (TRIA) prior to next year’s expiration. State insurance regulators support this extension to ensure a sustained and stable terrorism risk insurance marketplace that provides American businesses with the essential coverage needed to successfully operate in today’s uncertain global environment.

Read the NAIC's letter supporting H.R. 4634.

Read the NAIC's press release and testimony in support of reauthorization.

U.S. state insurance regulators today announced that Team USA members had secured an agreement advancing critical U.S. objectives as part of the International Association of Insurance Supervisor’s (IAIS) debate on the next phase of its Insurance Capital Standard (ICS) project. State regulator support came after the IAIS agreed to significant changes resulting in an achievable definition and approach to assessment of comparable outcomes, providing a clear path for the Aggregation Method.

• NAIC Interpretive Guidance for ICS

The NAIC has released a request for proposal (RFP) to retain an actuarial consultant to review, recommend improvements, and conduct a data call for specific long-term care insurance information.

• Request for Proposal