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Property and Casualty Insurance (C) Committee

The following task forces and working groups report to the Property and Casualty Insurance (C) Committee:

The mission of the Property and Casualty Insurance (C) Committee is to monitor and respond to regulatory issues associated with property or casualty insurance products, including issues regarding their delivery and cost. The Committee monitors property and casualty insurance markets and the surplus lines market. The Committee addresses regulatory issues associated with both personal lines (particularly auto and homeowners insurance) and commercial lines coverages. The Committee also monitors and responds to problems associated with financial reporting matters for property and casualty insurers that are of interest to regulatory actuaries and analysts and monitors and responds to problems associated with the financial aspects of the surplus lines market.

In recent years, the Committee has published a report on market conditions within the various state medical liability markets, adopted a model bulletin addressing the use of confidential bank regulatory information in the underwriting process by D&O insurers, and adopted a white paper on uninsured motorists issues. The Committee closely monitors activities related to insurers and insurance advisory organizations. It follows federal legislation of interest such as proposals to extend the Terrorism Risk Insurance Act, proposals to establish a no-fault trust fund to settle claims related to exposure to asbestos, and proposals to address class action litigation abuses.

The Committee has four task forces that report to it and has appointed eight working groups to assist it with its deliberations. The task forces address actuarial matters of interest to regulatory casualty actuaries, information related to statistical reporting by property and casualty insurers, issues in the surplus lines markets and workers’ compensation insurance regulatory issues. The working groups are developing examination protocols for advisory organizations, dealing with various aspects of disasters, both natural and acts of terrorism, addressing regulatory concerns about encroachment into regulatory processes by courts through class action litigation, coordinating with federal crop insurance regulators with regard to the delivery of crop insurance products to the nation’s farmers, monitoring developments related to risk retention groups, particularly related to corporate governance and ownership, monitoring issues related to the delivery of title insurance products and assisting in the development of uninsured motorists verification systems.

A detailed list of the Committees formal charges is available.
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April 30 Public Fact-Finding Hearing on the Use of Credit-Based Insurance Scores

Attachments to Submitted Testimony

Supplement Testimony Submitted

Request for Proposal Consultants for National Catastrophe Model Recommendation

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There are no exposure drafts at this time.
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Meeting Minutes
Minutes for the four most recent NAIC National Meetings are available free for meeting attendees using the User ID and Password supplied by the NAIC Meetings Department. Members may access minutes via StateNet. Non-attendees and those requiring minutes from previous meetings, may purchase the Proceedings of the NAIC through the NAIC Store.

If you do not know your User ID or password, please contact the NAIC Help Desk.

Summer 2009 National Meeting
June 15, 2009

Summer 2009 National Meeting
June 15, 2009

April 16, 2009 Conference Call

August 25, 2008, 2:00 p.m. CDT Conference Call

12/01/07 Public Hearing Regarding Use of Catastrophe Modeling by Rating Agencies

9/28/07 Public Hearing Regarding Catastrophe Modeling

9/24/07 Public Hearing Regarding Coastal Issues

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Medical Professional Liability Closed Claim Reporting Model Law

Standards for Monitoring Compulsory Auto Insurance and Financial Responsibility Laws

2006 Resolution Supporting Catastrophe Legislation
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Auto Insurance Database

Catastrophe Computer Model Handbook

Commercial Lines Competition Database

Compendium of State Laws on Insurance Topics

Credit Life and Credit Accident and Health Insurance Experience Report

Cycles and Crises in Property/Casualty Insurance: Causes and Implications for Public Policy

Dwelling, Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owner's Insurance
Market Share Reports for Groups and Companies Property and Casualty

Model Laws, Regulations and Guidelines

Profitability by Line by State
Risk-Based Capital Forecasting
Risk Retention and Purchasing Group Handbook

State Disaster Response Plan

Statistical Compilation of Annual Statement Information

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Media queries should be directed to the NAIC Communications Division at 816-783-8909 or news@naic.org.

Eric C. Nordman
Director Regulatory Services Division
Phone: 816-783-8232
Fax: 816-460-7594

Joe Bieniek, CPCU, ACP, CIC, ARC, AIS, AU
Statistical Information Manager
Phone: 816.783.8226
Fax: 816.460.7448
Please see the current Committee List for a complete list of committee members.