Category: National News

The National Association of Insurance Commissioners (“NAIC”) Catastrophe Insurance Working Group (“Working Group”) has released a draft white paper entitled “Natural Catastrophe Risk: Creating a Comprehensive National Plan.” To view the document, click here. This draft white paper is scheduled …

On Monday, August 25, 2008, the National Association of Insurance Commissioners (“NAIC”) held a Property and Casualty Insurance Committee (“Committee”) meeting to discuss proposed amendments to the Medical Professional Liability Closed Claim Reporting Model Law (“Model Law”). To view the …

On Thursday, August 14, 2008, the National Association of Insurance Commissioners (“NAIC”) held a Catastrophe Reserve Working Group (“Working Group”) meeting to discuss comments received on the Voluntary Tax-Deferred Pre-Event Catastrophe Reserve Proposal (“Proposal”). To view a copy of the …

The National Association of Insurance Commissioners (“NAIC”) announced the public release of its Global Receivership Information Database (“GRID”). GRID contains data on more than 1,200 receiverships provided by insurance departments from all 50 states and the District of Columbia. In …

In an August 1, 2008 letter to U.S. Senate Committee on Banking, Housing, and Urban Affairs Chairman Senator Chris Dodd (D-CT), the National Conference of Insurance Legislators (“NCOIL”) criticized Congressional efforts to fast-track legislation that would create a federal Office of …

Recently, the National Association of Insurance Commissioners (“NAIC”) Catastrophe Modeling Issues Group (“CMI”) met to review progress on assigned projects. The CMI, a subgroup of the NAIC Casualty Actuarial and Statistical Task Force, was formed to examine aspects of how …