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NAIC Releases 2020 Annual Report
The National Association of Insurance Commissioners (NAIC) today released its 2020 Annual Report. The theme of this year’s report is resiliency. It focuses on how the NAIC and its members embraced change and took action to protect consumers and ensure a stable insurance market in the U.S.
In 2020, the organization adapted technology, deployed services, and engaged members and the public in new and innovative ways. These efforts strengthened our members ability to adapt to the pandemic and enabled them to continue focusing on strategic priorities and larger societal issues such as race and insurance and climate and resiliency.
About the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.