Just 27% of Gen Z adults could correctly identify the insurance terms “deductible” and 29% knew how to define “copay,” a new survey shows. The survey from the National Association of Insurance Commissioners also found 22% of Gen Z respondents …
The Workers’ Compensation Insurance Rating Bureau plans to submit to the National Association of Insurance Commissioners (NAIC) insurer-specific California workers’ comp terrorism exposure data, including policy counts, payroll and terrorism premium information, by March 1. The data from the WCIRB, …
How many states require licensing of staff and/or independent adjusters? As a carrier or an adjusting firm, if you don’t know, you just might be in violation. Currently, 34 states require independent adjusters be licensed to handle claims, while 15 …
XL Catlin Announces Reinsurance Leadership Changes XL Catlin’s reinsurance operations announced two key leadership appointments, both effective January 2017. Jonathan (Jon) Gale, currently chief executive London Reinsurance, will take over as chief executive Bermuda Reinsurance subject to Bermuda Immigration approval, …
Maine continues to be among the top states in the nation for most affordable homeowners and personal auto insurance rates, according to a recent announcement by Insurance Superintendent Eric Cioppa. Recently released reports by the National Association of Insurance Commissioners …
Combined, average homeowners and auto insurance premiums in Ohio are nearly $500 less than national averages, according to the state’s insurance department. Personal lines premiums in the state are among the lowest in the country, Lieutenant Governor and Department of …
The National Association of Insurance Commissioners (NAIC) announced that North Dakota Insurance Commissioner Adam Hamm has been selected to chair a new task force on cybersecurity. “I am honored to have been chosen by my fellow commissioners to chair this …
During a session held at the Property & Liability Resource Bureau’s national conference in Indianapolis last month, Eric Nordman, director of the Regulatory Division at the NAIC, discussed recent regulation related to independent adjuster licensing. Nordman began by providing an …
Oklahoma Insurance Commissioner John D. Doak announced that he intends to ask the National Association of Insurance Commissioners (NAIC) to invest in Shared Emergency Response Vehicles (SERVEs) for education and disaster response. “These vehicles are a great way for the …
Wisconsin Insurance Commissioner Ted Nickel was elected on December 15, 2013, to the post of Chair of the Midwest Zone of the National Association of Insurance Commissioners. The annual elections comprise the votes of the commissioners in the Zone. The …