NAIC/Industry Liaison Committee
NAIC/Industry Liaison Committee Page
Summer 2009 Meeting Summaries Index

The Industry Liaison Committee met June 14, 2009.

During this meeting, the Committee:

• Received statements from Deirdra Manna, Property Casualty Insurers Association of America (PCI); David F. Snyder, American Insurance Association (AIA); Neil Alldredge, National Association of Mutual Insurance Companies (NAMIC); and Steve McManus, State Farm. Discussed the Committee’s purpose and goals this year and beyond; what constitutes insurance consumer protection; the role of insurance in society; the goals of insurance regulation; how to best ensure availability and affordability of regulation and what is effective and efficient; and what recent experiences with insurance regulation could best achieve the above-mentioned objectives, including experiences with insurance scoring, rate and form regulation, international developments, and solvency. Other issues addressed included NAIC meetings and stakeholders concerns, the NAIC rating agency proposal, the NAIC budget and looking at zero-based budgeting, and moving forward on cooperative efforts in disaster reporting.

Action Items:

No action was taken during the meeting.