This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

NAIC Update: Spring 2012


Almost seven years after Hurricane Katrina disrupted the last NAIC meeting in New Orleans, the partially rebuilt Crescent City bears testimony to both the central importance and limits of insurance coverage and federal intervention in disaster recovery. The Big Easy also bore witness to the return of the NAIC, which held its spring 2012 meeting on the once more relatively placid banks of the mighty Mississippi.

Like the return of tourists strolling the French Quarter in at best semi-straight lines, this meeting marked somewhat of a return to normalcy for the NAIC. Gone for the most part was the sturm und drang that characterized recent NAIC meetings. The insurance sector under the control of state regulators had clearly survived the fiscal crisis of the past decade in relatively good shape.

NAIC Update: Spring 2012 features the following:

  • NAIC President Kevin McCarty lists his priorities
  • ORSA pilot program taking flight
  • IAIS weighs changes to ComFrame coverage scope
  • Regulators move cautiously on cat risk calculation for RBC
  • Contingent deferred annuities get passing grade
  • NAIC health update
  • NAIC actuarial update
  • NAIC accounting update

To read the full report, download the pdf.

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Stay connected