IFAwebnews » NAIC

NAIC’s framework on UL with secondary guarantees seen ‘positively’

Bob Graham — Mon, 14 May 2012 13:32:45 +0000

A key ratings service said it “views positively” the draft framework proposed by state insurance commissioners for evaluating reserves of universal life products with secondary guarantees.

NAIC’s framework on UL with secondary guarantees seen ‘positively’ via IFAwebnews.

MetLife to pay $600 million to consumers in ‘landmark’ settlement

Jaime L. Brockway — Mon, 23 Apr 2012 21:40:09 +0000

A group of six states reached a $40 million “landmark” settlement today (April 23) with nine MetLife insurance companies that might return about $600 million to consumers nationwide.

MetLife to pay $600 million to consumers in ‘landmark’ settlement via IFAwebnews.

Medicaid enrollments continuing to climb

IFAwebnews Staff — Thu, 05 Apr 2012 09:47:41 +0000

The number of people covered by Medicaid managed-care programs increased 8% in 2010, according to new research from a Kennebunk, Maine, firm.

Medicaid enrollments continuing to climb via IFAwebnews.

If we know what the NAIC is not, does that help with what it is?

John Lobert — Tue, 27 Mar 2012 15:24:12 +0000

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.

If we know what the NAIC is not, does that help with what it is? via IFAwebnews.

As long as perception of closed door remains, NAIC’s image is tarnished

John Lobert — Thu, 22 Mar 2012 14:25:12 +0000

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.

As long as perception of closed door remains, NAIC’s image is tarnished via IFAwebnews.

Va. gives agents teeth on false certificate of insurance requests

Bob Graham — Thu, 22 Mar 2012 11:48:11 +0000

Virginia Gov. Bob McDonnell signed into a law a bill enabling the state insurance regulators to fight false certificates of insurance and those who request them.

Va. gives agents teeth on false certificate of insurance requests via IFAwebnews.

Fitch, Jones fault U.S. for MetLife’s failing of financial stress test

Bob Graham — Tue, 20 Mar 2012 12:23:48 +0000

MetLife, because of its ownership of MetLife Bank, an online retail unit, was forced to submit to the Federal Reserve's stress testing and failed, possibly because it was “unfairly penalized” by regulators.

Fitch, Jones fault U.S. for MetLife’s failing of financial stress test via IFAwebnews.

AIA challenges ‘closed-door’ meeting between consumer, commissioners

IFAwebnews Staff — Mon, 12 Mar 2012 13:18:39 +0000

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.

AIA challenges ‘closed-door’ meeting between consumer, commissioners via IFAwebnews.

Rep. Royce asks NAIC to answer if it is regulatory or ‘private group’

Bob Graham — Wed, 29 Feb 2012 13:12:04 +0000

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.”

Rep. Royce asks NAIC to answer if it is regulatory or ‘private group’ via IFAwebnews.

FIO’s report on insurance regulation could have many tentacles

Bob Graham — Tue, 24 Jan 2012 12:44:55 +0000

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.

FIO’s report on insurance regulation could have many tentacles via IFAwebnews.