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  • President Huff Recaps Fall National Meeting
    NAIC Elects 2017 Officers
    Elections included zone officers
    President: Wisconsin Insurance Commissioner Ted Nickel

    President-Elect: Tennessee Insurance Commissioner Julie Mix McPeak

    Vice President: Maine Insurance Superintendent Eric A. Cioppa

    Secretary-Treasurer: Texas Insurance Commissioner David Mattax

    The newly elected officers will assume their duties on Jan. 1, 2017.

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    Members of the NAIC voted to increase the number of NAIC funded consumer representatives from 20 to 22 for 2017.

    "The NAIC Consumer Liaison Program is essential to our work to educate and protect consumers," said NAIC President-Elect and Wisconsin Insurance Commissioner Ted Nickel. "Consumer voices help us shape model regulations and laws ultimately benefitting all U.S. consumers. We appreciate the input these representatives have shared through the years and look forward to celebrating the program's 25th anniversary next year."

    The Consumer Liaison Program was established in 1992 to encourage consumer representation and participation in NAIC meetings. The NAIC provides reimbursement for travel expenses for qualified funded consumer representatives to enable their participation.

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    NAIC Adopts Home-Sharing White Paper
    Regulators develop guidance for home-sharing
    The NAIC adopted a white paper on insurance coverage issues in the sharing economy for home rentals. Home-sharing companies like AirBnb and HomeAway offer consumers the ability to rent out a personal residence or home. Short-term home rentals by home-sharing companies present new insurance challenges.

    The new white paper, Insurance Implications of Home-Sharing: Regulator Insights and Consumer Awareness, outlines insurance considerations regarding home-sharing rentals.

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