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FOR IMMEDIATE RELEASE

NAIC CENTRAL OFFICE MOVES TO
TOWN PAVILION
National Regulatory Association Relocates to Heart of Downtown Kansas City

KANSAS CITY, Mo. (March 8, 2012) — Less than two years after finalizing a high-profile relocation that had financial implications for both sides of the state line, the National Association of Insurance Commissioners (NAIC) Central Office has moved to Town Pavilion in downtown Kansas City, Missouri. Previously located at Crown Center for more than a decade, the NAIC announced the move in October 2010 after evaluating a number of options in the metropolitan area.

“After months of planning the move and finalizing details, we are pleased with what has been a seamless transition to our new location,” said Andrew J. Beal, NAIC Chief Operating Officer and Chief Legal Officer. “The desirable location, amenities, and financial terms made Town Pavilion an ideal choice for our employees and affiliates. We look forward to being a member of the vibrant downtown business community for the long term.”

The review process for a new office location, which began in late 2008, included an architectural survey to examine current and future space needs, employee feedback and a variety of incentives offered by the states of Kansas and Missouri, as well as by the city of Kansas City, Missouri. With more than 460 employees, the NAIC’s impact on the local economy is considerable. The association hosts an average of 20 meetings a year in Kansas City, bringing hundreds of regulators, industry representatives and interested parties to the city. The association also holds approximately 80 other meetings annually, resulting in frequent staff travel. NAIC's 2011 staff air travel, utilizing Kansas City International Airport, totaled approximately 820 flights at a cost of nearly $537,278. The average NAIC salary in Kansas City is $70,564.33.

“This move is the culmination of three years of diligence by NAIC leadership to secure the ideal office space for our association’s central office,” said Kevin M. McCarty, NAIC President and Florida Insurance Commissioner. “We are confident the new location will accommodate the growing needs of our organization in many ways.”

The NAIC also has offices in Washington, D.C. and New York City.

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About the NAIC

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For more information, visit www.naic.org.

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