A report expected from the Federal Insurance Office later this month, addressing how to modernize and improve insurance regulation, could significantly affect the insurance industry, according to an industry regulatory expert.

The association representing state insurance commissioners released a draft framework providing guidance for evaluating the reserves of universal life with secondary guarantee and term universal life products.

The organization representing state insurance commissioners is promoting life insurance as an “overlooked” potential source of immediate funds.

A trade group representing insurance agents and financial service professionals submitted its comments on the Federal Insurance Office’s Dodd-Frank study on modernizing and improving insurance regulation.

The organization representing state insurance commissioners is backing health insurance agents and brokers’ efforts to get their commissions removed from the formula mandating how carriers use premiums they collect

The association of state insurance commissioners, including those on the East Coast who have been busy since the Aug. 23 earthquake and who could become busier with Hurricane Irene’s aftermath, has cancelled its summer national meeting.

Each time the organization representing state insurance commissioners puts out its critique of some aspect of the federal health reform law or its proposed implementation, a key question is raised: Is the National Association of Insurance Commissioners (NAIC) representing the interests of those it is serving, primarily consumers, or is it serving its own interests?

The National Association of Insurance Commissioners (NAIC) is telling federal officials that its proposal for regulating new federally mandated multi-state health insurance plans could upset state insurance markets and erode consumer protections.

The National Association of Insurance Commissioners (NAIC) and Standard & Poor’s seem to have differing views on insurers’ risk since the U.S. government debt downgrade last week.

Standard & Poor’s Ratings Services lowered to “AA+” from “AAA” its long-term counterparty credit and financial strength ratings on the member companies of five U.S. insurance groups, following its lowering of the U.S.’s credit rating last week.