NAIC News

NFA President Testifies Before NAIC’s Catastrophe Loss Committee

National Fire Adjustment (NFA) President Ronald J. Papa recently testified before the Catastrophe Loss Committee with the National Association of Insurance Commissioners (NAIC) at the Gaylord Hotel Conference Center in Washington, D.C. Insurance company executives, media representatives and pro consumer …

Parental Involvement May Keep Teen Drivers Safer On The Road This Summer

More teenage motor vehicle fatalities happen in summer than any other time of year. While teen driving statistics are troubling, research shows teens whose parents set rules are half as likely to get in an accident. The National Association of …

NAIC Assisting With Adjuster Licensing Following Oklahoma Tornadoes

The National Association of Insurance Commissioners (NAIC) has set up a call center to assist with adjuster licensing in the aftermath of the tornadoes that hit central Oklahoma in May. Housed at the NAIC’s Central Office in Kansas City, the …

How Homeowner Insurance Rates Have Spiked Nationwide

Nationwide, an average homeowner paid $909 for homeowner insurance coverage in 2010, up 36 percent from 2003. Inflation rose 19 percent during the same period. Here’s a look at what homeowners in states bordering the Atlantic Ocean or Gulf of …

NAIC Signs MOU Extension With China

U.S. insurance regulators will continue a program of information sharing and cooperation that helps their counterparts in China learn about insurance regulatory practices in the U.S. The National Association of Insurance Commissioners (NAIC) said it has signed a Memorandum of …

Joplin: Lessons Learned After the Storm

More than half of Americans don’t have a home inventory of their possessions, according to a February 2012 survey from the National Association of Insurance Commissioners. This was highlighted by the many Joplin residents who were underinsured when the tornado …

North Dakota Ranked Second Least Expensive Auto Insurance Premiums in the Country

According to Insurance Commissioner Adam Hamm, North Dakotans are paying the second lowest auto insurance premiums in the nation. This is according to the “Auto Insurance Database Report 2008/2009,” recently released by the National Association of Insurance Commissioners. “While other …

Louisiana Homeowners Insurance Rates Rising More Slowly

New data from by the National Association of Insurance Commissioners shows that homeowners insurance premiums in Louisiana remain among the nation’s highest, but are rising much more slowly than they did in the first two years after Hurricane Katrina. The …