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NAIC Summer 2016 National Meeting
August 26-29, 2016
San Diego, CA
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May 16-20, 2016
Kansas City, MO
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Washington, D.C.
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U.S. & China Insurance Regulators Plan for Future
Regulator representatives from the U.S. and China met this week to discuss important issues facing their respective insurance markets. The meeting was held at the NAIC New York Capital Markets & Investment Analysis Office. Participants discussed a variety of issues, including retirement security, China's Risk Oriented Solvency System (C-ROSS), the NAIC's group capital calculation, natural catastrophes, reinsurance and cybersecurity.

"This open dialogue and regulatory cooperation between our two markets are crucial for the future success of insurance in both countries," said John M. Huff, NAIC President and Missouri Insurance Director.

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NAIC Recognized Nationally for Work-Life Balance
The NAIC has been honored with the 2016 Excellence in Work-Life Balance Award from Constangy, Brooks, Smith & Prophete. The award recognizes the NAIC for promoting specific policies and programs that allow for workplace flexibility.

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John M. Huff
NAIC President and Missouri Insurance Director & Insurance John M. Huff
NAIC President
and Missouri Insurance Director
Ted Nickel NAIC President-Elect and Wisconsin Insurance CommissionerTed Nickel
NAIC President-Elect and Wisconsin Insurance Commissioner
NAIC Participates in 10th China-U.S. Insurance Dialogue

NAIC President John M. Huff (Missouri Insurance Director) and NAIC President-Elect Ted Nickel (Wisconsin Insurance Commissioner) attended the annual China-U.S. Insurance Dialogue this week. In addition to NAIC members and staff, the U.S. delegation included federal government and insurance industry representatives. They met with members of the China Insurance Regulatory Commission (CIRC) and Chinese insurers. The group discussed a variety of topics including cybersecurity, consumer protection and industry innovations.

Sharing Economy Exposes Summer Travelers to Insurance Risks
Insure U tips and tools help consumers share with care
As the U.S. summer travel season peaks, consumer use of sharing platforms continues to climb. Global revenue from sharing services will hit $335 billion by 2025, according to PricewaterhouseCoopers. In addition to home and ride-sharing, consumers are now renting and sharing everything from cameras to golf clubs. With nearly 75 percent of Americans vacationing this summer, the National Association of Insurance Commissioners (NAIC) advises consumers to understand the insurance risks of the sharing economy.

"The sharing economy offers new and exciting opportunities for complete strangers to share everything from rooms in their homes to designer dresses," said John M. Huff, NAIC President and Missouri Insurance Director. "Failing to understand the insurance aspects of these sharing services can be financially risky. The NAIC encourages consumers to share with care."

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