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April 8, 2021

The NAIC’s Spring National Meeting to Include Special Session on Severe Convective Storms

WASHINGTON (April 8, 2021) — The NAIC Center for Insurance Policy and Research (CIPR) will hold a two-hour special session during the 2021 Spring National Meeting.

The special session titled Severe Convective Storms – Persistent, Pervasive, and Multi-Peril – Insurance Implications and Building Resilience will take place Tuesday, April 13, 2021, from 10:00 a.m. – 12:00 p.m. Central Time.

While severe convective storms can happen at any time during the year, spring marks the beginning of heightened levels of activity. During this interactive event, participants will learn about the main perils and impacts associated with severe convective storms, what can be done to build resilience toward them, and implications for policyholders using insurance coverage as a mechanism for recovery from them. 

The Insurance Institute for Business and Home Safety (IBHS) will be livestreaming from their research center in Richburg, South Carolina, demonstrating the latest science for property mitigation toward wind and hail hazards. The session will conclude with a regulator panel discussion focused on homeowner coverage implications and carving out a resiliency path moving forward leveraging this science. Panelists will include Kansas Insurance Department Commissioner, Vicki Schmidt, Texas Department of Insurance, Chief Deputy Commissioner, Doug Slape and Mississippi Insurance Department Director of Consumer Services, Andy Case.

All registered NAIC 2021 Spring National Meeting participants are welcome to attend.

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.