Category: National News

  At the National Conference of Insurance Legislators (“NCOIL”) Annual Meeting held this past weekend (November 15-18) in Alabama, legislators in attendance made various key public policy decisions, among which included: The NCOIL Executive Committee’s adoption of a Certificates of …

Already strapped with a $17 billion debt, the National Flood Insurance Program (“NFIP”) faces looming new flood-related claims from “Superstorm” Sandy, the cost of damage from which early projections already place in the $6-12 billion dollar range, according to Ed …

  At the suggestion of various trade associations, for each insurer that filed a Property Risk-Based Capital (“RBC”) report for year-end 2011, the National Association of Insurance Commissioners (“NAIC”) is advising companies’ Annual Statement and RBC contacts about a change …

  The National Association of Insurance Commissioners (“NAIC”) will compile and distribute a survey to regulators to help determine what they need to conduct solvency monitoring of nonadmitted insurers, members of the Surplus Lines Requirements Subgroup (“Subgroup”) of the Surplus …

  The National Association of Insurance Commissioners (“NAIC”) has formed a new working group to provide timely actuarial guidance for life insurers seeking to comply with recent revisions to Actuarial Guideline XXXVIII-The Application of the Valuation of Life Insurance Policies …

  The Federal Advisory Committee on Insurance (“FACI”) has scheduled a public meeting on Wednesday, November 14, 2012 in Washington, D.C. at 10:00 a.m. (EST).  To view the meeting notice, click here. In addition to international insurance matters, topics to …

  The National Conference of Insurance Legislators (“NCOIL”) will hold its Annual Meeting from November 15-18, 2012 in Point Clear, Alabama.  Below is an NCOIL outline of topics and issues scheduled to be considered at the meeting.  Colodny Fass& Webb …

  Making insurers’ post-catastrophe claim settlement practices more consumer-friendly will be the focus of a two-hour public hearing scheduled to begin at 8:00 a.m. on Sunday, December 2, 2012 at the National Association of Insurance Commissioners (“NAIC”) 2012 Fall National …

  Above:  Mike Culbertson, President, The Seibels Bruce Group   The Seibels Bruce Group (“Seibels”) issued a news release today, October 22, 2012, announcing the upcoming retirement of its President, Mike Culbertson.  Mr. Culbertson will remain as President until his …

  The August 2012 edition of the National Conference of Insurance Legislators (NCOIL) newsletter is now available.  The newsletter is attached in PDF format and can also be viewed by clicking here. Articles in this volume include: NCOIL Extends Certificates …