The NAIC's Securities Valuation Office (SVO) has released a report detailing the insurance industry's exposure to collateralized loan obligations (CLOs) as of year-end 2018. The SVO monitors capital markets activities and investment trends to assess potential impacts on the investment portfolios of U.S. insurance companies for state insurance regulators.
The NAIC announces the release of its accident and health insurers Market Share Report. Updated annually, the 2018 Market Share Report includes data from annual statement filings to provide information on premiums and market share.
The 2018 Market Share Report for Life, Property/Casualty and Accident and Health are available on the NAIC publications page.
A federal solution is necessary because courts have so far ruled against state laws that protect consumers, finding that the Airline Deregulation Act prohibits states from regulating air ambulances. Even though state regulators across the country field complaints about air ambulance billing practices, neither they nor their state lawmakers have the authority to address this serious, ongoing issue facing consumers who have received high air ambulance bills.
Floods not only damage homes, they also take their toll on small businesses. The NAIC reminds small-business owners to protect their businesses, as well as their homes, this hurricane season.
The NAIC released for public comment a proposal to move data storage of rate and form filings for insurance companies to the System for Electronic Rates & Forms Filing (SERFF). The proposal would eliminate the need for using third parties to electronically store or "host" rate and form filings, while improving efficiency and reducing NAIC’s ongoing support costs.
The NAIC released data on property/casualty insurers. The 2018 Market Share Reports for Property/Casualty Groups and Companies includes detailed information on market share and loss ratios for property/casualty companies by specific line of business.
In a meeting of the National Association of Insurance Commissioner (NAIC) Plenary, the association approved revisions to the Credit for Reinsurance Model Law (#785) and Credit for Reinsurance Model Regulation (#786). These changes make the models consistent with provisions of covered agreements with the European Union and United Kingdom with respect to reinsurance collateral requirements.
June 3-7, 2019
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Registration will be available on-site.