NAIC News Release

FOR IMMEDIATE RELEASE

NAIC 2008 ANNUAL REPORT:
'NAVIGATING CHANGE'

SAN DIEGO (March 16, 2009) - The National Association of Insurance Commissioners (NAIC) today released its 2008 Annual Report, "Navigating Change." The report provides a comprehensive review of the NAIC's progress during the past year, summarizing how state insurance regulators have charted a steady course amidst a year of economic turmoil and uncertainty.

"With fortitude, determination and the same bold spirit as the seafaring explorers of centuries past," said NAIC CEO Therese M. (Terri) Vaughan, Ph.D., "today's insurance regulators remain ready, willing and able to navigate the changes caused by our nation's rocky financial waters."

To better illustrate, the annual report provides an overview of regulatory activities in the following areas:

  • Consumer Protection: On the Right 'Tack'
  • Consumer Education: Charting the Course
  • Meeting Market Challenges: An Anchor in the Storm
  • Market Regulation: All Hands on Deck
  • Regulatory Modernization: Anchors Aweigh
  • Regulatory Cooperation: Smooth Sailing

The report also includes a copy of the NAIC's audited financial statements, a complete membership list, an organizational chart and a list of accreditations and special awards given during 2008.

Click HERE to download the complete 2008 Annual Report.

About the NAIC

Formed in 1871, the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC has three offices: Executive Office, Washington, D.C.; Central Office, Kansas City, Mo.; and Securities Valuation Office, New York City. The NAIC serves the needs of consumers and the industry, with an overriding objective of supporting state insurance regulators as they protect consumers and maintain the financial stability of the insurance marketplace. For more information, visit www.naic.org.

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