NAIC News

Adjuster Licensing Requirements Onerous, Costly

How many states require licensing of staff and/or independent adjusters? As a carrier or an adjusting firm, if you don’t know, you just might be in violation. Currently, 34 states require independent adjusters be licensed to handle claims, while 15 …

People News: XL Catlin, BSA, Tokio Solution

XL Catlin Announces Reinsurance Leadership Changes XL Catlin’s reinsurance operations announced two key leadership appointments, both effective January 2017. Jonathan (Jon) Gale, currently chief executive London Reinsurance, will take over as chief executive Bermuda Reinsurance subject to Bermuda Immigration approval, …

Maine Reports Auto, Homeowners Insurance Affordability Ranks High Among States

Maine continues to be among the top states in the nation for most affordable homeowners and personal auto insurance rates, according to a recent announcement by Insurance Superintendent Eric Cioppa. Recently released reports by the National Association of Insurance Commissioners …

Despite Increases, Ohio Home and Auto Insurance Rates Still Low

Combined, average homeowners and auto insurance premiums in Ohio are nearly $500 less than national averages, according to the state’s insurance department. Personal lines premiums in the state are among the lowest in the country, Lieutenant Governor and Department of …

North Dakota Insurance Head to Chair National Cybersecurity Task Force

The National Association of Insurance Commissioners (NAIC) announced that North Dakota Insurance Commissioner Adam Hamm has been selected to chair a new task force on cybersecurity. “I am honored to have been chosen by my fellow commissioners to chair this …

National Independent Adjuster Licensing Regulation Slowly Progressing

During a session held at the Property & Liability Resource Bureau’s national conference in Indianapolis last month, Eric Nordman, director of the Regulatory Division at the NAIC, discussed recent regulation related to independent adjuster licensing. Nordman began by providing an …

Oklahoma Commissioner to Seek NAIC Investment in Emergency Response Vehicles

Oklahoma Insurance Commissioner John D. Doak announced that he intends to ask the National Association of Insurance Commissioners (NAIC) to invest in Shared Emergency Response Vehicles (SERVEs) for education and disaster response. “These vehicles are a great way for the …

Nickel Elected to NAIC Leadership Post

Wisconsin Insurance Commissioner Ted Nickel was elected on December 15, 2013, to the post of Chair of the Midwest Zone of the National Association of Insurance Commissioners. The annual elections comprise the votes of the commissioners in the Zone. The …

NAIC Now Accepting Applications for 2014 Consumer Liaison Representatives

The National Association of Insurance Commissioners (NAIC) is currently accepting applications for the 2014 Consumer Liaison Program. Established in 1992, the Consumer Liaison Program promotes consumer representation and interaction with NAIC members by providing a way for individuals who are …

Competition in the U.S. Auto Insurance Market Benefits Drivers

A highly competitive auto insurance marketplace is making coverage more widely available and affordable for all drivers, according to the Insurance Information Institute (I.I.I.), even though insurance is also a heavily regulated industry. The I.I.I. made the observations in response …