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NAIC Elects 2015 Officers

Left to Right: Wisconsin Insurance Commissioner Ted Nickel; Kentucky Insurance Commissioner Sharon P. Clark; Montana State Auditor and Commissioner of Securities and Insurance Monica J. Lindeen; Pennsylvania Insurance Commissioner Michael F. Consedine

Members of the NAIC elected its 2015 officers:

President: Montana State Auditor and Commissioner of Securities and Insurance Monica J. Lindeen
President-Elect: Pennsylvania Insurance Commissioner Michael F. Consedine
Vice President: Kentucky Insurance Commissioner Sharon P. Clark
Secretary-Treasurer: Wisconsin Insurance Commissioner Ted Nickel

The newly elected officers will assume their duties on Jan. 1, 2015.

Full Story

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Insurance Regulators Establish Cybersecurity Task Force
Adam Hamm
NAIC President and North Dakota Insurance CommissionerAdam Hamm
NAIC President and North Dakota Insurance Commissioner
The NAIC formed a special task force to help coordinate insurance issues related to cybersecurity. The task force will make recommendations and coordinate NAIC efforts regarding: the protection of information housed in insurance departments and the NAIC; the protection of consumer information collected by insurers; and collecting information on cyber-liability policies being issued in the marketplace. The group will report and make recommendations to the Executive Committee.

“The threat of a cyber-attack is very real, and state regulators are committed to developing the tools we need to ensure effective regulation in this area,” said Adam Hamm, NAIC President and North Dakota Insurance Commissioner.

Full Release

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NAIC to Congress: U.S. Regulators Protecting American Consumers and Markets
At a hearing on Capitol Hill, Michael F. Consedine, NAIC Vice-President and Pennsylvania Insurance Commissioner, testified on behalf of the NAIC on international insurance issues. Consedine serves as Chair of the NAIC's International Insurance Relations (G) Committee. His testimony highlighted strengths of the U.S. insurance regulatory framework and outlined the need for international standard-setting to reflect the needs of U.S. insurance consumers and companies.

"As international standard setting continues, the NAIC will remain directly engaged to determine whether the concepts under discussion at the Financial Stability Board (FSB) and International Association of Insurance Supervisors (IAIS) make sense and add real benefit for U.S. policyholders," testified Consedine.

Full Release | Read Consedine's Full Testimony

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Four Regulators Honored With NAIC Awards

The NAIC recognized four regulators who have made significant contributions to state-based insurance regulation during the Opening Session of the NAIC's 2014 Fall National Meeting.

Robert Dineen Award:
Lenita Blasingame, Chief Deputy Director of the Arkansas Insurance Department and

Belinda Miller, General Counsel of the Florida Office of Insurance Regulation.

President’s Award:
Former NAIC President and Kansas Insurance Commissioner Sandy Praeger

Distinguished Service Award –FSOC Representative:
Missouri Department of Insurance, Financial Institutions and Professional Registrations Director John Huff

Full Release

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