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Q&A With David Altmaier, President, National Association of Insurance Commissioners


Q&A With David Altmaier, President, National Association of Insurance Commissioners
Florida’s insurance regulator has a busy year ahead, and it won’t just include overseeing his own state’s insurance market, one of the most dynamic and complicated insurance markets in the world. Rather, for the next year, Insurance Commissioner David Altmaier has another job as president of the National Association of Insurance Commissioners, the members of which include all state insurance commissioners.
But it’s a job he says he is ready for after serving as president-elect behind former NAIC President and South Carolina Insurance Director Ray Farmer, with whom he has a shared understanding based on leading insurance markets in catastrophe-prone states. ....

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South Carolina Renews Wind Pool Territory Expansion


South Carolina Renews Wind Pool Territory Expansion
A temporary order extending the area where South Carolina’s residual property insurance market provides insurance has been renewed for another two years.
An order issued by South Carolina Insurance Director Ray Farmer says the renewal of the 2007 expansion of the South Carolina Wind and Hail Underwriting Association (SCWHUA) territory is necessary “to address those areas of the seacoast territory where essential property insurance coverage is still not readily available.”
Additionally, the order says the renewal of the expansion will also help market disruptions in areas with the most significant exposure to hurricane and other wind events. ....

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