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Financial Pressure Rises for Sandwich Generation
Adam Hamm
NAIC President and North Dakota Insurance CommissionerAdam Hamm
NAIC President and North Dakota Insurance Commissioner
Millions in the so-called “Sandwich Generation” are finding their dreams about retirement less than appetizing. Middle-aged Americans are serving as primary caregivers for their aging parents, and are also shouldering more of their adult children’s financial responsibilities. The NAIC urges those who have adult children on one side and aging parents on the other to understand their options, including insurance needs, to save money and ease concerns.

“The emotional and financial strain of caring for an aging parent is challenging enough. But as more consumers also provide support for an adult child, their own financial security may be at risk,” said Adam Hamm, NAIC President and North Dakota Insurance Commissioner.

Full Story | Insure U Get Ready Resources: Turning 50
Members of the NAIC gather at the Brookings Institution following the forum
Front: VA Insurance Commissioner Jacqueline K. Cunningham; WA Insurance Commissioner Mike Kreidler; NAIC President-Elect and MT Commissioner of Securities and Insurance Monica J. Lindeen; NAIC CEO Senator Ben Nelson; NAIC Secretary-Treasurer and KY Insurance Commissioner Sharon P. Clark; and NAIC Vice President and PA Insurance Commissioner Michael F. Consedine
Back: NV Insurance Commissioner Scott Kipper and NJ Insurance Commissioner Kenneth Kobylowski
Global Insurance Regulatory Developments and the Impacts on U.S. Consumers and Insurers

(Top Right) NAIC Vice President and Pennsylvania Insurance Commissioner Michael F. Consedine speaks during a panel entitled “Global Capital Standards: Implications for the U.S.”
(Top Left) NAIC CEO Senator Ben Nelson participates in a panel during the Initiative on Business and Public Policy at the Brookings Institution. The forum focuses on lessons about insurance from the financial crisis and how regulatory reforms are changing the industry and its supervision. Experts from academia, regulatory bodies, industry, and consumer groups are sharing their views.

Commissioner Consedine's Remarks | Senator Nelson's Remarks

NAIC Shines at Recent PR Ceremony

The Public Relations Society of America (PRSA) in Kansas City, Mo. recently awarded the NAIC with two gold and seven silver PRISM awards. The NAIC received gold PRISM awards for the Teen Driving and "I Do Adventures" campaigns.

NAIC Begins 2015 Budget Approval Process
Monica J. Lindeen, NAIC President-Elect and Montana Commissioner of Securities and InsuranceMonica J. Lindeen
NAIC President-Elect and Montana Commissioner of Securities and Insurance
The NAIC's proposed 2015 budget is proceeding through the approval process, following months of development by NAIC officers, the NAIC Internal Administration (EX1) Subcommittee, the NAIC Executive (EX) Committee and executive staff.

"We're proud that our 2015 proposed budget demonstrates the NAIC's continued focus on carefully managing our revenue and expenses while balancing investment in key initiatives that enhance our ability to support our members," said Monica J. Lindeen, NAIC President-Elect and Montana Commissioner of Securities and Insurance. "The NAIC is committed to protecting insurance consumers and providing our members with the tools and resources they need to effectively regulate companies."

Full Story | NAIC Proposed 2015 Budget
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