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NAIC Summer 2016 National Meeting
August 26-29, 2016
San Diego, CA
NAIC PUBLIC HEARING: Long-Term Care Innovation
Thursday. August 25, 2016
10:00 a.m. - 12:30 p.m. PST
CIPR Summer Event: Gearing Up for Autonomous Vehicles
Sunday, August 28, 2016
3:00 p.m. - 5:00 p.m PST
Insurance Summit
May 16-20, 2016
Kansas City, MO
2016 NAIC International Insurance Forum May 19-20, 2016
Washington, D.C.
For more information about NAIC events visit meetings page.

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NAIC National Meeting
NAIC Launches Life Insurance Policy Locator Application
John M. Huff
NAIC President and Missouri Insurance Director & Insurance John M. Huff
NAIC President
and Missouri Insurance Director
The NAIC announced that it is leveraging NAIC technology and data by launching its Life Insurance Policy Locator application to aid consumers in finding lost life insurance policies.

The NAIC app will serve Americans who may be life insurance beneficiaries by offering an easy-to-use tool to help find lost or forgotten policies.  At least $1 billion in benefits from life insurance policies are unclaimed, according to Consumer Reports.

"The goal of life insurance is to provide for your beneficiaries when you are gone, but far too often life insurance policies go unclaimed because they're lost and consumers don't know how to find them," said John M. Huff, NAIC President and Missouri Insurance Director. "This project underscores the NAIC's mission to protect consumers. Regulators want to ensure claims are submitted and benefits are paid in a timely manner. This app will help accomplish that goal."

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NAIC Holds Long-Term Care Hearing
Teresa D. Miller
Pennsylvania Insurance Commissioner Teresa D. Miller
Pennsylvania Insurance Commissioner
The NAIC held a public hearing to examine the future of private solutions to long-term care financing.

The Long Term Care Innovation (B) Subgroup held the hearing during the NAIC's Summer 2016 National Meeting. Presenters from state insurance departments, consumer groups and insurance industry professionals covered topics ranging from innovation, affordability and availability as well as consumer education.

"The future of long-term care insurance is uncertain as there are many challenges facing the long-term care insurance market," said Teresa D. Miller, Pennsylvania Insurance Commissioner and chair of the Long Term Care Innovation (B) Subgroup. "The purpose of our group is to address these challenges by hearing a variety of ideas and suggestions to develop actionable, realistic policy options for consideration by the NAIC, individual states and Congress."

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NAIC Hosts Third Annual Asia-Pacific International Forum
The National Association of Insurance Commissioners (NAIC) hosted the Third Annual Asia-Pacific International Forum this week. The forum was held ahead of the NAIC’s Summer 2016 National Meeting.

Nearly two-thirds of the global insurance market is comprised of the Pacific Rim and Latin American regions.

“The importance of the Asia-Pacific region in the global insurance economy cannot be overstated,” said John M. Huff, NAIC President and Missouri Insurance Director. “Growth in the insurance sector in this region is unmatched anywhere else in the world. Our dedication and commitment to shared dialogue and regulatory coordination is not only timely, but critical to our shared success.”

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NAIC and Thailand Lead International Insurance Seminar
The NAIC and the Thailand Office of the Insurance Commission are hosting the 7th annual International Insurance Regulation and Supervision Seminar on Market Conduct Examinations and Financial Technology in Insurance August 3-5. Nearly 50 regulators attended the seminar in Bangkok.

Eric Cioppa, NAIC's Secretary-Treasurer and Maine Insurance Bureau Superintendent, led the NAIC delegation. Cioppa was joined by Jim Mealer, Chief Market Conduct Examiner, Missouri Department of Insurance, Financial Institutions and Professional Registration and NAIC staff. These ongoing seminars illustrate the importance of collaboration among insurance regulators. Pictured above with Cioppa is Dr. Suthiphon Thaveechaiyagarn, Secretary General, Commissioner, Office of Insurance Commission, Thailand.

Regulatory participation included the following countries: Brunei Darussalam, Cambodia, Hong Kong, Macao, Malaysia, Myanmar, Philippines, Sri Lanka, Taiwan R.O.C. and Thailand.

NAIC Participates in White House Disaster Financing Forum
Oklahoma Insurance Commissioner John D. Doak attended the White House Forum on Smart Finance for Disaster Resilience on behalf of the NAIC. Doak was one of the 125 participants invited to the forum, held at the Eisenhower Executive Office Building in Washington D.C. Senior presidential advisor, Brian Deese – who oversees climate, conservation, and energy policy – as well as FEMA Director Craig Fugate briefed the audience. The forum gave participants an opportunity to learn about new approaches and programs as well as how to leverage resources in the future regarding disaster-recovery financing.