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The Royce-NAIC spat heats up

by R.J. Lehmann on March 21, 2012

The National Association of Insurance Commissioners is neither a regulator nor a trade association, Florida Insurance Commissioner Kevin McCarty writes in a March 20 letter to Congressman Ed Royce.

C-FIRE Deputy Director R.J. Lehmann talks with Robert Detlefsen of the National Association of Mutual Insurance Companies, about the recently completed NAIC meetings in New Orleans.

Oklahoma Insurance Commissioner John Doak has asked his state’s attorney general to investigate the constitutionality of the Dodd-Frank Act’s creation of a Federal Insurance Office.

The joint effort by New York, California and Washington state to require insurers submit to climate change disclosure surveys circumvents the NAIC process and sets a dangerous precedent, NAMIC and PCI say.

In a letter to the group’s leadership, Rep. Ed Royce asks the NAIC declare once and for all whether it is a public regulator or a private trade association.

A new report from the National Association of Insurance Commissioners examining insurance premiums and risk exposure in every state was released in early January, and state insurance regulators and legislators alike are now scrambling to explain how these rates came to be. In the press release announcing the new report the NAIC explained how they [...]

Rep. Steve Stivers’ bill, adopted yesterday by a House subcommittee, includes a tiny provision with big consequences: Barring the Federal Insurance Office from sharing almost any data it collects.

The U.S. Treasury Department will host a Dec. 9 conference on ideas to modernize and improve the U.S. state-based system of insurance regulation.

In this week’s episode of the FIRE Podcast, C-FIRE Deputy Director R.J. Lehmann talks with Daniel Schwarcz of the University of Minnesota Law School about requiring insurers to publish their policy documents on-line.

Collateral reform and taxation of offshore cessions are legislative and regulatory trains that have been moving for years. They could be headed for a collision.

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