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South Carolina Joins SBS
Ray Farmer South Carolina Insurance DirectorRay Farmer
South Carolina
Insurance Director
John M. Huff
NAIC President and Missouri Insurance Director & Insurance John M. Huff
NAIC President
and Missouri Insurance Director
The National Association of Insurance Commissioners (NAIC) today announced that South Carolina has licensed State Based Systems (SBS) as its regulatory system.

"We are excited to expand our use of SBS and fully implement SBS to support all our insurance regulatory functions," said Ray Farmer, South Carolina Insurance Director. "We look forward to implementing the latest version of the software and taking advantage of all of the functionality the new system offers."

"As a long-standing SBS licensee, I am pleased South Carolina is now taking full advantage of all SBS has to offer," said John M. Huff, NAIC President and Missouri Insurance Director. "SBS has provided significant value to our department by giving us the opportunity to make key processes more efficient which in turn provides my staff more time to focus on protecting Missouri consumers."

Full Story
NAIC Supports Flood Bill
Statement of John M. Huff NAIC President and Missouri Insurance Director
John M. Huff
NAIC President and Missouri Insurance Director & Insurance John M. Huff
NAIC President
and Missouri Insurance Director
It is important that consumers have choices when it comes to insurance coverage. Removing barriers to the development of a private market for flood insurance will help provide those options. The Market Parity and Modernization Act encourages new private market development as an alternative to the National Flood Insurance Program (NFIP) while maintaining strong consumer protections. We commend the House of Representatives for passing this bill, and thank Congressmen Dennis Ross (FL) and Patrick Murphy (FL) for their leadership. We encourage the Senate to act quickly to pass this bipartisan legislation.
NAIC Meets with Latin American Regulators
NAIC President-Elect and Wisconsin Insurance Commissioner Ted Nickel and Washington Insurance Commissioner Mike Kreidler attended the Conference on Insurance Regulation and Supervision in Latin America on behalf of the NAIC this week. Topics discussed included reinsurance, climate change and market conduct. The NAIC also participated in a bilateral meeting with the Association of Latin American Supervisors (ASSAL) Executive Committee.
NAIC HOSTS INTERNATIONAL REGULATORS
The NAIC welcomed 9 international fellows from six countries including: Bermuda, India, Nigeria, Saudi Arabia, South Korea and Taiwan. The fellows are being hosted by Louisiana; Missouri; Puerto Rico; Oklahoma; Texas; Vermont; and Washington, DC.

The NAIC's International Fellows Program is celebrating its twelfth year. More than 240 fellows from 32 countries have participated since the program began in 2004.