FOR IMMEDIATE RELEASE
NAIC CENTRAL OFFICE MOVES TO
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.
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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