NAIC Releases First Report in Series Investigating Rising Health Care Costs

The NAIC released the executive summary for a report series titled Rising Health Care Costs: Drivers, Challenges and Solutions. The first report, released with the executive summary, is titled Food is Medicine: Why Healthier Eating Should Be a Priority for Health Care Providers, Insurers and Government. The report focuses on the importance of nutrition.

NAIC Statement on U.S./UK Covered Agreement

The NAIC is still reviewing the U.S./UK covered agreement text, but upon initial inspection it appears Treasury and USTR have mirrored the terms of the U.S./EU covered agreement and largely replicated it for the UK, consistent with our expectations. As we have previously noted, the UK is an important market for the U.S. and is currently included in the existing U.S./EU covered agreement.

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7.0 Earthquake Hits Alaska Coast

A 7.0 magnitude earthquake rocked southcentral Alaska near Anchorage on 11/30/18. Local authorities report major infrastructure damage and power outages. The NAIC offers the following resources to those impacted by the earthquake and aftershocks.

NAIC Elects 2019 Officers

Members of the NAIC elected the following 2019 officers during its Fall National Meeting:

President: Maine Insurance Superintendent Eric A. Cioppa

President-Elect: South Carolina Insurance Director Raymond G. Farmer

Vice President: Hawaii Insurance Commissioner Gordon I. Ito

Secretary-Treasurer: Idaho Insurance Director Dean L. Cameron

NAIC Life Insurance Policy Locator Tracks $200 Million for Consumers in Second Year

The Life Insurance Policy Locator has matched U.S. consumers with policies totaling more than $200 million in the past 12 months. The NAIC launched the free locator service in November 2016 to make it easier to connect consumers with lost life insurance policies or annuities. In that two-year period, the locator has matched 24,934 consumers with policies, totaling more than $368 million.