Momentum is building as the NAIC prepares for its first virtual Summer National Meeting. Registration is open, and the schedule of meetings/agenda is now available. The NAIC’s goal is to provide a seamless meeting experience for all participants. Be sure to let us know how we can be of assistance as meeting plans progress.
Summer National Meeting
Online registration is now open for the NAIC 2020 Summer 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.
The meeting agenda features three special sessions:
- Special Session #1: COVID-19: Lessons Learned - This session will consist of three panel discussions: Insurance Regulator Perspective, Impact on the Marketplace, and The Road Ahead. The discussions will offer a snapshot of how COVID-19 has affected the insurance sector and provide a proactive look at the road ahead.
- Special Session #2: CIPR: Hurricane & Resiliency - The Center for Insurance Policy and Research (CIPR) will host a session where experts speak about hurricane science and how it translates to operational effectiveness and hurricane resilience. The Federal Emergency Management Agency (FEMA) will participate and share how its 2020 disaster response may be different than in previous years. Other speakers will include Ken Graham, Director of the National Hurricane Center, and Leslie Chapman-Henderson, Chief Executive Officer (CEO) of the Federal Alliance for Safe Homes (FLASH).
- Special Session #3: Race & Insurance - During this session, several panels will publicly kick off a member-led effort to critically examine the role of the NAIC and state insurance regulators in addressing ongoing, potential racially discriminatory practices in insurance products. The session will also discuss ways to collaboratively promote diversity and inclusion within the insurance sector. This panel will operate primarily as a listening session designed to help inform further targeted NAIC activity.
COVID-19 Report
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. This report chronicles state insurance regulators’ actions from Jan. 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.
Twitter Chat Recap
The #ReduceYourRisk Twitter chat in June, which helped educate consumers on risk mitigation and the value of flood insurance was a success. Thank you to all who participated and helped us get the word out about the importance of having flood insurance.
You can search the hashtags #NAICInsuranceChat and #ReduceYourRisk on Twitter to review the chat. As part of our #ReduceYourRisk campaign, the NAIC also released an interactive graphic about the importance of creating a Go Bag and what goes in your Go Bag in case you have to evacuate due to flooding in your area.
Reminder – Our Department of Insurance’s (DOI’s) Twitter and Facebook handles support our social media strategy. Please review the Twitter and Facebook handles we’ve captured to date, make sure they are correct, and email updates to Communications Intern, Arianna Bailey.
Media Training Available for Commissioners
Mark Bernheimer with MediaWorks is available to provide media training for your commissioner. Mark will host the virtual training and is currently scheduling private 90-minute coaching sessions.
Additionally, Mark will present on how to effectively deliver your message to the news media on Sept. 17, as part of our virtual Insurance Summit and along with that effort, the NAIC will also include 60-minute virtual coaching sessions for your deputies and key spokespeople.
To sign up for these media training sessions, please contact Stefanie Bryant to schedule.
NAIC Consumer Outreach
Following is a list of NAIC consumer materials that have been distributed and released since our last eNewsletter:
Consumer Press Releases
Top Things Business Owners Should Know About Hurricanes
Make a Plan to Reduce Your Flood Risks
Upcoming Press Release
Be on the lookout for a press release detailing the latest numbers on the Life Insurance Policy Locator; the NAIC’s free online service that connects consumers with unclaimed life insurance policies. Each year, millions of dollars in life insurance benefits go unclaimed by beneficiaries who can't find their deceased loved one’s policy or in some cases are not aware that a policy exists.
To help you share the good news with your residents, the NAIC offers the state insurance departments a customizable template. It takes a bit of time to pull this data together, so if you’re interested in receiving the information for your state, please email Stefanie Bryant by mid-August, for use in September, which is Life Insurance Awareness Month.
The Regulators Podcast
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. In this month’s episode, Mike Consedine, NAIC CEO, talks with Karen Stakem Hornig, National Insurance Producer Registry's (NIPR’s) CEO; Tennessee Insurance Commissioner, Hodgen Mainda; and Susan Neely, President and CEO of the American Council of Life Insurers (ACLI).
July PIO Monthly Call Cancelled
This month’s PIO Monthly Call scheduled for July 16 is cancelled. The next PIO call will be Aug. 20.
New NAIC Strategic Communications Manager
Please welcome Erica Chester to our NAIC Communications team! Erica is the new Strategic Communications Manager for the company.
Erica has worked in all areas of communications across three industries: Finance (Bank of America), Aerospace and Defense (Boeing), and Healthcare (Kaiser Permanente and Cerner Government Services).
Over her career, she has supported executive communications, reviewed and promoted healthcare policies, and written integrated communications plans for corporate initiatives. Erica has her Master’s degree in Organizational Development from Webster University and her Bachelor’s degree in English and Broadcast News from The University of Kansas.
If you have any questions for Erica, please email her: EChester@naic.org.
Word of the Week
Listed below are the words for the coming weeks. Please feel free to use and distribute these on your social media channels using the hashtag #NAICWotW.
July 15: Tuition Insurance
July 22: Policy Period
July 29: Co-Insurance
August 5: Appraisal
