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August 15-18, 2015
Chicago, IL
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NAIC President Lindeen Statement on Adoption of Cybersecurity and Identity Theft Coverage Supplement
Monica J. Lindeen
NAIC President and State Auditor Montana Office of the Commissioner of Securities & Insurance Monica J. Lindeen
NAIC President and Montana Commissioner of Securities and Insurance

"Cyberinsurance is an emerging sector, and regulators are positioned to help shape the market in a way that protects consumers and benefits companies. This supplement is an important tool that will enable regulators to effectively monitor solvency for companies writing this relatively new line of business."



Adam HammAdam Hamm
North Dakota Insurance Commissioner

Statement from Adam Hamm, North Dakota Insurance Commissioner

“The supplement will provide critical financial performance information about insurers writing cybersecurity coverage for American businesses. The potential scope of possible data breaches and business opportunities means that regulators and companies must work together to ensure that state insurance departments have the information they need to monitor this new market.”

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NAIC President Lindeen Statement on Flood Legislation
"Every state is vulnerable to flooding, as recent floods in Oklahoma and Texas have demonstrated.  Consumers are best served by having options in the flood insurance market. The NAIC supports the newly introduced “Flood Insurance Market Parity and Modernization Act” (S. 1679/H.R. 2901) which encourages growth of the private market and ensures state insurance regulatory authorities, that have long protected policyholders, will apply to private flood insurance. We commend Senators Dean Heller (NV) and Jon Tester (MT) along with Congressmen Dennis Ross (FL) and Patrick Murphy (FL) for introducing this bipartisan bill and advocate its passage."
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Statement from Monica J. Lindeen, NAIC President and Montana Commissioner of Securities and Insurance
"Uncertainty in insurance is not a good thing. The decision allows regulators, consumers and the industry a level of certainty that supports stability for insurance markets in our states. The NAIC will continue to support state insurance departments – as we have done since the passage of the ACA – and ensure consumers are protected, regardless of the type of exchange in any given state. There are still a number of challenging issues facing health insurance consumers across the country, and U.S. insurance regulators are working together through the NAIC to promote stable and competitive markets."

Roger SevignyRoger Sevigny
New Hampshire Insurance Commissioner and Chair of the NAIC Health Insurance and Managed Care (B) Committee
Statement from Roger Sevigny, New Hampshire Insurance Commissioner and Chair of the NAIC Health Insurance and Managed Care (B) Committee

"Resolution in this area allows the NAIC's work to focus on other challenges in the health insurance sector such as network adequacy and consumer information. There is a lot to be done, and the NAIC will support states by providing information and resources to state regulators so that they may best serve their consumers and markets."

Sen. Ben Nelson, NAIC Chief Executive OfficerSen. Ben Nelson
NAIC Chief Executive Officer
Statement from Senator Ben Nelson, NAIC CEO

"The NAIC supports every state – regardless of the type of exchange – as they continue to work through a number of issues related to health reform. This decision allows our members to move forward with a level of confidence that their markets will not see significant disruption due to a paradigm shift. We will continue to assist states as they carry out the important work of regulating strong and competitive markets for consumers."
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NAIC Members Testify Before Congress
Three NAIC members testified before the U.S. House of Representatives Committee on Ways and Means Subcommittee on Oversight on behalf of their individual states. Washington State Insurance Commissioner Mike Kreidler, Tennessee Commerce and Insurance Commissioner Julie Mix McPeak and Maryland Insurance Commissioner Al Redmer, Jr. focused their remarks on rates under the Affordable Care Act (ACA). Video of the hearing is available here.
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