Somewhere between the time I wrote March 22 piece on the National Association of Insurance Commissioners, the group of state insurance regulators, (NAIC) and the time it was posted, the NAIC resolved one of the issues I raised: its identity.

The National Association of Insurance Commissioners, the organization representing each state’s insurance department, is a worthwhile venture because it serves to create uniformity in the regulation of insurance. Some moan that uniformity by a national trade association (more on that in a minute) is national insurance regulation, which is no better than federal regulation. I beg to differ.

An insurance association member questioned a “closed door” meeting among consumers groups and a National Association of Insurance Commissioners’ (NAIC) joint working group on automobile insurance.

A congressman from California is asking the organization representing state insurance commissioners to explain what it meant last summer when it said it wanted to “to brand itself as a ‘standard-setting organization.”

Consumers favor an optional federal charter, according to a consumer advocacy group’s survey, because it would give them the ability to keep their insurance coverage and agent even if they …  Read →

Rather than implement an optional federal charter or sweeping regulations, the Obama Administration is proposing a national office of insurance to oversee the industry.

Today (June 17), President Barack Obama unveiled …  Read →

Insurance companies, including auto, home, business and life insurers, contributed more than $35.7 million to members of Congress over the last two election cycles, with an emphasis on those involved …  Read →

Federal regulation of insurance, based on a proposal before Congress, would “roll back strong, state based consumer protections,” according to the nonpartisan group, Consumer Watchdog.

Reps. Melissa Bean (D-Ill) and Ed …  Read →

Groups are lining up on both sides now that two members of Congress have formally introduced a bill seeking to create an optional federal charter through an Office of National …  Read →

A proposal to create an Office of National Insurance is being fine-tuned, as its sponsors determine whether to make a federal charter optional or mandatory for insurers who are deemed …  Read →