• NAIC Report: Fall 2013 National Meeting
  • January 2, 2014
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • The National Association of Insurance Commissioners (NAIC) returned to Washington, D.C. for its Fall meeting - the final national meeting for 2013. Two notable events overshadowed technical work on various NAIC initiatives: the release of the Federal Insurance Office’s long-awaited report on how to modernize and improve the system of insurance regulation in the United States, and unprecedented public display of rancor among regulators on NAIC internal governance. Outside the main spotlight, important state regulatory initiatives regarding corporate governance, reinsurance and mortgage guaranty insurance continued to progress at a notable clip, as well as further discussion of PBR implementation and the use of special purpose captives for life insurance reserve financing.