FOR IMMEDIATE RELEASE
NAIC 2011 ANNUAL REPORT: HOME OF U.S. INSURANCE
Inaugural Online Version Highlights 2011 Regulatory
NEW ORLEANS (March 3, 2012) — The National Association
of Insurance Commissioners (NAIC) today released its 2011 Annual Report,
"NAIC: The Home of U.S. Insurance Regulation." Utilizing the
theme of a home‘s structural strength and integrity, the report highlights
significant accomplishments and progress of the past year.
“Given the unique challenges and successes of 2011, we thought it was
fitting to use the theme of ‘home‘ to illustrate the foundational strength
of our regulatory system,” said Dr. Therese M. (Terri) Vaughan, NAIC Chief
Executive Officer. “During a year marked by an unprecedented disaster
season, significant strides in financial reform and an increased presence
in the international arena, the resilience and stability of the national
system of state-based regulation was affirmed as we addressed challenges
both on the home front and abroad. We are also pleased to present the
annual report in this online, interactive format for the first time.”
Produced for approximately 20% of the cost of a traditional print version,
this year‘s online report offers enhanced information for readers by
employing interactive media to link readers to active, relevant content on
the NAIC website.
The NAIC Annual Report provides an overview of regulatory activities in the
following areas: government relations, international insurance
supervision, Solvency Modernization Initiative, financial regulation,
market regulation, and consumer education. The report also features video
messages from 2011 officers, highlights and statistics, a gallery of
photos, and a copy of the NAIC's audited financial statements.
Click HERE to
view the online Annual Report.
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.