National Association of Insurance Commissioners Releases 2020 Annual Report
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WASHINGTON,
The
National Association of Insurance Commissioners (NAIC) today released its 2020 Annual Report.
The theme of this year s report is resiliency. It focuses on how the NAIC and its members embraced change and took action to protect consumers and ensure a stable insurance market in the
U.S.
In 2020, the organization adapted technology, deployed services, and engaged members and the public in new and innovative ways.
These efforts strengthened our members ability to adapt to the pandemic and enabled them to continue focusing on strategic priorities and larger societal issues such as race and insurance and climate and resiliency.
The NAIC Unveils New Logo
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WASHINGTON, April 12, 2021 /PRNewswire/ The National Association of Insurance Commissioners (NAIC), today unveiled its new logo during the opening session of its Spring National Meeting. The new visual identity, which includes an intertwined C, is designed to emphasize the way commissioners collaborate in service of their shared mission of protecting consumers.
National Association of Insurance Commissioners new logo. For the past 150 years the NAIC has been known for its members ability to bring together diverse viewpoints to serve the best interest of the public, said NAIC President and Florida Insurance Commissioner, David Altmaier. The new logo is a reflection of how the organization has collaborated throughout the years to ensure that the insurance sector remains strong and resilient.
ACLI Focused On ‘The Big Picture’ When It Comes To Regulation
Industry watchers have plenty to keep their eyes on when it comes to the threat of regulation disruption.
But all of that activity, at both the state and federal levels, is seemingly trending in a very good direction, said Jim Szostek, vice president and deputy, retirement security, for the American Council of Life Insurers.
Szostek is part of the all-ACLI panel discussion, The Big Picture: Regulatory and Legislative Landscape in 2021 on Monday afternoon at the virtual Life Insurance Conference from LIMRA, LOMA and LL Global.
The direction is toward best-interest rules for annuity sales a compromise between the tough fiduciary standard that registered investment advisors adhere to, and the suitability standard that regulators say is no longer sufficient.
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