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Insurance Summit
May 16-20, 2016
Kansas City, MO
2016 NAIC International Insurance Forum May 19-20, 2016
Washington, D.C.
Registration Open
NAIC Spring 2016 National Meeting
April 3-6, 2016
New Orleans, LA
NAIC/CSIS Forum: Managing Cyber Risk and the Role of Insurance
September 10, 2015
Washington, D.C.
For more information about NAIC events visit meetings page.

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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.
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.
NAIC Responds To Metlife Court Decision
John M. Huff
NAIC President and Missouri Insurance Director & Insurance John M. Huff
NAIC President
and Missouri Insurance Director
Adam Hamm 
NAIC President and North Dakota Insurance CommissionerAdam Hamm
North Dakota Insurance Commissioner and NAIC FSOC Representative
The U.S. District Court's opinion released today confirms what members of the NAIC have long argued: the Financial Stability Oversight Council's (FSOC) designation of Metlife as a systemically important financial institution is flawed.

"State insurance regulators are directly involved in national and international efforts to limit the potential for a financial firm to disrupt the global economy," said North Dakota Insurance Commissioner Adam Hamm, who is also the NAIC's representative on the FSOC. "Too often, discussions regarding systemic threats to the economy don't acknowledge the unique characteristics of the insurance business model or the strengths of our stable state-based regulatory system."

"State regulators serving on FSOC have previously pointed out concerns with its analytical approach, including FSOC's inability to demonstrate that MetLife's failure would disrupt the broader economy," said John M. Huff, NAIC President and Missouri Insurance Director. "Insurance regulators continue to improve our supervisory tools, expanding our abilities to effectively supervise — a job we have done successfully for more than 145 years. While we share the objective of reducing systemic risk, the court's opinion confirms our assertion that FSOC has missed the mark concerning insurance."

Full Story
NAIC Releases 2015 Annual Report
The National Association of Insurance Commissioners (NAIC) today released its 2015 Annual Report. The report, “To Serve & Protect in the Digital Age,” illustrates how regulators are working together in the ever-evolving high-tech landscape to ensure the success and security of state-based regulation and provide consumer protections.

“This year’s theme demonstrates our commitment to strengthening state-based insurance regulation in the face of cyberattacks and protecting consumer rights,” said John M. Huff, NAIC President and Missouri Insurance Director. “We are constantly working to strengthen the vitality and stability of our system in the face of new challenges such as cybersecurity.”

Full Story | 2015 Annual Report | Welcome Video