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NAIC Statement on Resignation of Kathleen Sebelius
Adam Hamm, 
NAIC President and North Dakota Insurance CommissionerAdam Hamm
NAIC President and North Dakota Insurance Commissioner
Leadership of the NAIC commended Kathleen Sebelius for her service at the U.S. Department of Health and Human Services (HHS) and for her tenure as former Kansas Insurance Commissioner, NAIC President and Governor of Kansas.

"With Kathleen Sebelius serving as HHS Secretary, we had a strong level of confidence that she clearly understood the unique responsibilities insurance commissioners have in their roles," said Adam Hamm, NAIC President and North Dakota Insurance Commissioner.

Full Story

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Governors Show Support for State-Based Insurance Regulation
Adam Hamm, 
NAIC President and North Dakota Insurance CommissionerAdam Hamm
NAIC President and North Dakota Insurance Commissioner
Sen. Ben Nelson, NAIC CEOSen. Ben Nelson
NAIC CEO
Leadership from the NAIC thanked the National Governors Association (NGA) for praising the "world-class" state-based system of insurance regulation in a letter to U.S. Treasury Secretary Jack Lew. A letter from the NGA's Economic Development and Commerce Committee was sent regarding the recent report from the Federal Insurance Office (FIO) on modernizing insurance regulation.

"Governors stand ready to protect state-based insurance regulation," says the NGA letter, signed by Governor Robert Bentley (R-AL), chair of the committee, and Governor Earl Ray Tomblin (D-WV), vice chair. "The diversity of consumers, financial services products and institutions, investors, and local market conditions are currently addressed by state regulators with a proven track record."

"My colleagues and I are very appreciative of the support from the NGA," said NAIC President and North Dakota Insurance Commissioner Adam Hamm.

Full Story | Read the Letter from the NGA

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Adam Hamm, 
NAIC President and North Dakota Insurance Commissioner

Adam Hamm, NAIC President and North Dakota Insurance Commissioner opens the NAIC Spring National Meeting. Click here for the full text of his prepared remarks.

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NAIC Releases 2013 Annual Report
The NAIC released its 2013 Annual Report, "State-Based Insurance Regulation: The System at Work." The report uses the concept of gears to illustrate how regulators work together to power the complex system of state-based regulation.

"This past year, state insurance regulators faced myriad challenges on local, national, and international fronts," said NAIC Chief Executive Officer Sen. Ben Nelson.

Full Story | View the Annual Report

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New Mexico Joins SBS
John G. Franchini, New Mexico Insurance Superintendent John G. Franchini
New Mexico Insurance Superintendent
The NAIC announced that the New Mexico Office of the Superintendent of Insurance has licensed State Based Systems (SBS), an NAIC-owned and operated regulatory tool.

"SBS offers our department the opportunity to significantly augment our regulatory efforts through time-tested technology tools used by the majority of the NAIC membership," said John G. Franchini, New Mexico Insurance Superintendent.

Full Story

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