All 50 states have partially or fully opened after shutting down due to the COVID-19 pandemic. For many, returning to work can be scary, awkward and confusing. Karen Stakem Hornig — National Insurance Producer Registry's CEO, Tennessee Insurance Commissioner Hodgen Mainda, and Susan Neely — President and CEO of the American Council of Life Insurers discuss how the virus has changed their thoughts about professional life and influenced their workplace transition plans.
NAIC's Virtual Summer National Meeting Agenda Announced
The NAIC has released their agenda for the 2020 Summer National Meeting, which is being held virtually this year. The schedule has dates and times and includes special sessions on Race & Insurance, COVID-19: Lessons Learned, and Hurricane Preparedness. It also includes normally scheduled working groups, task forces, and committee meetings. You can find links to the Interactive Agenda and meeting registration below:
NAIC Releases Request for Proposal for Legal Consultant to Research New Regulatory Framework
KANSAS CITY, Mo. (July 8, 2020) — The NAIC has released a request for proposal (RFP) to retain a legal consultant to research and report on existing state laws and regulations that could support a new regulatory framework authorizing insurers to separate policies from one another. This request for proposal is being conducted as part of the efforts by the NAIC’s Long-Term Care Insurance (EX) Task Force to develop a consistent national approach for reviewing long-term insurance rates that results in actuarially appropriate increases granted by states in a timely manner.
Top Things Business Owners Should Know About Hurricanes
WASHINGTON (July 7, 2020) – This year's hurricane season began in June. Forecasters predict this season will be more severe than average. Hurricanes can take a huge toll on small businesses if owners aren't prepared. Here are a few facts small business owners should know to protect themselves and recover faster after a flood.
NAIC Announces Special Session on Race and Diversity in the Insurance Sector as Part of Virtual Summer National Meeting
WASHINGTON (June 26, 2020) —The National Association of Insurance Commissioners announced today that registration is now open for the NAIC Summer 2020 National Meeting, which will be held in a virtual format over a three-week period beginning the week of July 27 and ending the week of August 10. Registration is available online here.
WASHINGTON (June 23, 2020) – Homeowners all over the country are constantly faced with risk due to wildfires, floods, tornados, severe storms and other natural disasters. The National Association of Insurance Commissioners (NAIC) urges consumers to be prepared.
NAIC Releases First Update on State Insurance Regulatory Response to COVID-19
The NAIC released its first update regarding the current pandemic and the insurance industry: A Report of the NAIC on the State Insurance Regulatory Response to COVID-19. Protecting policyholders and addressing the unfair treatment of consumers is central to the state insurance regulatory framework. This report chronicles state insurance regulators’ actions from January 1, 2020–May 31, 2020, and how those actions have helped mitigate the impacts the pandemic is having on insurance consumers.
Additional reports will be issued as the COVID-19 pandemic continues to evolve.
Worried about the high cost of health care? Health coverage can help, but not all health plans offer the same coverage or consumer protections.
When choosing a health plan, it is important to consider the differences between your options. Some plans provide more generous coverage, while others could leave you responsible for high medical bills. A plan’s monthly premium is not the only cost to keep in mind when choosing a plan. A health plan with a lower premium may seem like a good deal. But it might mean less coverage and fewer consumer protections. It’s important to think about your costs, not only when you’re healthy and have few doctor visits, but also the potential costs if you need a lot of health care services while you’re enrolled.