Technology and History Accelerate Insurers' Risk Management EvolutionApril 11, 2013Insurance chief risk officers are rising to greater prominence within their organizations as regulation and technological possibilities drive rapid evolution of risk quantification technology and techniques.
Big Data Boosts Enterprise Risk ManagementApril 01, 2013Technology is democratizing insurers' access to high-performance computing and expanding their view of risk exposure.
Conning/Milliman Partnership Boosts Economic Capital ModelingMarch 05, 2013Linking Milliman’s MG-ALFA system with Conning’s GEMS Economic Scenario Generator will respond to regulators’ and raters increasing demand for stochastic modeling capabilities and foster a holistic approach to risk management.
Insurance Investment Rules Are Changing -- Ready or NotSeptember 11, 2012The fixed-income investment landscape has changed dramatically over the past 15 years, yet investment guidelines set out by the NAIC have stayed largely the same. Now, state regulators are starting to catch up, which means insurers must update their invest
NAIC CEO Vaughan to Step Down Next YearAugust 13, 2012Therese Vaughan, CEO of the National Association of Insurance Commissioners, plans to spend more time with her family and edit a textbook.
NAIC Member Strikes Back: FIO "Unconstitutional"March 06, 2012At the NAIC's spring meeting in New Orleans, Oklahoma Insurance Commissioner John Doak called the FIO an unconstitutional usurpation of states' rights.
Attorney Suggests Royce Wants FIO to Supplant NAICMarch 02, 2012Since the NAIC acts in an advisory rather than a compulsory role toward the state insurance regulators, it does not act as a regulator, says Michael Nelson, chairman of law firm Nelson Levine de Luca & Horst.
Rep. Royce Confronts NAIC: Are You a Regulator or Not?February 29, 2012Congressman takes on the NAIC for allegedly having it both ways as the organization attempts to insert itself in the Federal Insurance Office's oversight of the industry while enjoying the privileges of a private corporation.
The State of Insurance Regulation: Q&A With NAIC President Susan VossNovember 19, 2011Between healthcare reform and Dodd-Frank, insurance regulators have a full plate of rules to implement that will affect all lines of business. Iowa insurance commissioner and NAIC president Susan Voss spoke recently with I&T associate editor Nathan Golia a
Another British Invasion? The New Wave of Insurance RegulationOctober 10, 2011Just as the musical "British Invasion" ultimately had a lasting impact on American music and
culture, the synergy of regulatory reforms in the U.S. and Europe are also aimed at constructive
global cooperation, a blending of the best of both worlds.
NAIC Raps Allstate for Software-Related Claims Handling InconsistenciesOctober 25, 2010A settlement between Allstate and the National Association of Insurance Commissioners serves as a reminder of the importance of consistent, standardized processes across the enterprise and that, in the end, the quality of computer output is only as good as
Sircon Renews Partnership with NIPRFebruary 26, 2010Together the companies provide producer licensing and compliance automation services to state regulators, insurance companies, agencies, and individual producers
Sebelius Summons Insurers to Discuss PremiumFebruary 25, 2010Letter invites insurer CEOs and NAIC leaders to attend a March 3 meeting to discuss the insurance companies' premiums.
