FOR IMMEDIATE RELEASE

NAIC Hosts Inaugural Insurance Summit in Kansas City
Association announces plans to bring a national meeting to KC in 2020

KANSAS CITY, Mo. (May 10, 2016) —The National Association of Insurance Commissioners (NAIC) will host its inaugural Insurance Summit in Kansas City from May 16-20.

The Insurance Summit will bring 1,000 insurance regulators and industry professionals to the city, with an estimated local economic impact nearing $1 million.

The summit, which will be held at the Sheraton Kansas City at Crown Center, combines several annual meetings hosted by the NAIC into one large conference. The meeting gives insurance regulators, industry professionals and consumer representatives the ability to attend a variety of sessions – from market regulation to data and technology.

“We’re bringing several distinctive regulatory groups together for one mega-conference, which should provide an opportunity for attendees to gain insight into a variety of subject matters related to insurance,” said John M. Huff, NAIC President and Missouri Insurance Director. “We’ll also be featuring keynote speakers and professional development sessions, shaping this conference into a premier insurance event for regulators and industry professionals.”

NAIC leadership also recently voted to bring one of the association’s national meetings to Kansas City, as early as 2020. The NAIC hosts three national meetings annually in U.S. cities with an average attendance of 2,000. The financial impact for a Kansas City national meeting is estimated at $2 million. The NAIC last hosted a national meeting in Kansas City in 1999.

“The hotel and development projects in downtown Kansas City are making this an ideal place to accommodate one of our national meetings,” said Andrew J. Beal, NAIC Chief Operating Officer and Chief Legal Officer. “Holding a major meeting here will help us to save significant money in staff travel, but it will also allow more of our team members to attend one of our meetings. We’re extremely excited to show off our hometown.”

The NAIC holds 20 annual meetings in Kansas City, home of the association’s Central Office. The NAIC and its affiliate groups employ 570 staff members locally. The association 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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