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NAIC President Talks Cyber in DC

NAIC President John M. Huff recently attended a meeting at the White House on cybersecurity where he met with the administration and National Security Council and Treasury representatives to discuss emerging cyber threats and implications of a significant cyber incident. Participants addressed the importance of coordination including procedures for organization among financial sector companies. Leaders from the government, financial regulators and the private sector reiterated their commitment to improving cybersecurity through public-private collaboration.

McPeak and Hamm Headline at
Regulatory Conference

NAIC Vice President Julie Mix McPeak and NAIC Cybersecurity (EX) Task Force Chair Adam Hamm spoke today at the Insurance Regulation Conference in New York City. Commissioner Hamm shared the task force's work and how the NAIC is responding to cyber threats on a panel addressing cybersecurity. Meanwhile, Commissioner McPeak participated in the "Financial Regulation – What is an International Insurer to Do?" panel.

NAIC Initiates 2017 Budget Approval Process

The NAIC is releasing its proposed 2017 budget.

“Over the past two years the NAIC has made substantial investments in technology initiatives, including cybersecurity, which is consistent with the organization’s goal of providing high-quality services to state insurance regulators, consumers and insurance industry users,” said Ted Nickel, NAIC President-Elect and Wisconsin Insurance Commissioner.

NAIC Ramps Up Cybersecurity Efforts

The NAIC is heightening cybersecurity activity, raising awareness and advancing a state model law on cybersecurity. During National Cybersecurity Awareness Month, NAIC leaders want to communicate the need for national consistency regarding data breach laws and regulations.

"State regulators are committed to developing tools to ensure effective regulation to protect consumers because we know the cyber risk landscape is changing quickly," said John M. Huff, NAIC President and Missouri Insurance Director.

NAIC Welcomes Fall Fellows

The NAIC welcomed nine participants to the International Fellows Program on Oct. 3. Countries represented this fall include Bermuda, China, India, Saudi Arabia, Thailand and Taiwan. Host jurisdictions are California, Georgia, Hawaii, Louisiana, Missouri, Nebraska, Oklahoma and Texas. The NAIC developed the program in 2004 to advance working relationships with foreign market regulators, emphasizing the exchange of regulatory techniques and technology.

NAIC Urges Congress to Protect U.S. Interests in International Insurance Negotiations

NAIC Vice President and Tennessee Insurance Commissioner Julie Mix McPeak testified before Congress today on behalf of the NAIC. The hearing, held by the U.S. House Financial Services insurance subcommittee, focused on U.S. engagement on insurance issues with the European Union (EU).


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