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Newsroom

Notice
Mnuchin Endorses State-Based Insurance Regulation
Officers
Mnuchin Endorses State-Based Insurance Regulation

U.S. Secretary of Treasury Steven Mnuchin addressed the NAIC's  International Insurance Forum  in Washington, D.C. His keynote highlighted the value of coordination in international standard setting. Secretary Mnuchin noted ongoing concerns with the direction of the Insurance Capital Standard (ICS) at the International Association of Insurance Supervisors (IAIS) and reinforced the need for recognition of our U.S. approach. NAIC President and Maine Insurance Superintendent Eric Cioppa followed the Secretary with the NAIC's position on the ICS project.

 

Statement
NAIC Applauds Senate ICS Letter
ICS Building
NAIC Applauds Senate ICS Letter

The NAIC welcomes the letter from Senators Mike Rounds and Kyrsten Sinema and the other 40 Senate signatories to Federal Reserve Vice Chair for Supervision and Financial Stability Board (FSB) Chairman Randal Quarles.

Statement
NAIC Supports the Primary Regulators of Insurance Vote Act
Capitol
NAIC Supports the Primary Regulators of Insurance Vote Act

The NAIC supports the Primary Regulators of Insurance Vote Act (PRIVA) of 2019 (S. 1298/H.R. 2479). This proposed legislation would provide full voting participation for the state insurance regulator who serves on the Financial Stability Oversight Council (FSOC).

News Release
Insurance Commissioners Visit Site of California's Most Destructive Wildfire During Risk and Resilience Summit
paradise
Insurance Commissioners Visit Site of California's Most Destructive Wildfire During Risk and Resilience Summit

Insurance Commissioners Todd Kiser (Utah), Mike Kreidler (Washington), Ricardo Lara (California) and Andrew Stolfi (Oregon) at a former mobile home park in Paradise, California on May 1 (Source: California Department of Insurance)

News Release
NAIC Prioritizes Long-Term Care Insurance
Wheelchair
NAIC Prioritizes Long-Term Care Insurance

The membership of the NAIC voted unanimously to create a task force focused on long-term care insurance market stability. The group will report to the NAIC Executive (EX) Committee. The vote took place during a joint meeting of the Executive Committee and Plenary on Tuesday during the Spring 2019 National Meeting in Orlando.