Members of the National Association of Insurance Commissioners (NAIC) elected officers for 2023 in December. The following officers were elected for 2023: • President: Missouri Insurance Director Chlora Lindley-Myers. Chlora Lindley-Myers was confirmed as the director of the Missouri Department of Commerce and Insurance on April 13, 2017. • President-Elect: Connecticut Insurance Commissioner Andrew N. Mais. Andrew N. Mais was nominated […]
The National Association of Insurance Commissioners (NAIC) has released its Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owner’s Insurance Report: Data for 2020, which provides validated data on market distribution and average cost by policy form and amount of insurance. The report compiles national and state-specific premium and exposure information for non-commercial […]
The 2023 Big ‘I’ InsurTech Summit will demystify InsurTech for agents The Big “I” is proud to announce it will hold its inaugural Big “I” InsurTech Summit on Jan. 20, 2023, in Savannah, Georgia, as part of the Big “I” Winter Meeting which runs Jan. 18-21. The 90-minute InsurTech Summit will feature two panels of […]
The New York Young Insurance Professionals elected officers during its annual business meeting on Oct. 20, 2022. The NY-YIP officers installed were: Scott Richards, of Hilltop Strategies in New York, N.Y., will serve as president; • Ian Sterling, CPCU, of Bolton Street Programs in Woodbury, N.Y., will serve as first vice president; • Audrey Carlson of Merchants Insurance […]
The American Council of Life Insurers (ACLI) has elected its new Chair, officers and Board of Directors at the 2022 ACLI Annual Conference. ACLI member companies help 90 million American families address their financial protection and retirement security needs. The Chair and Board of Directors lead the association and develop and advance federal and state […]
The number of independent insurance agencies has increased and business conditions for agencies remain favorable, according to the 2022 Agency Universe Study. While the majority of agencies experienced increased revenue, that percentage was lower than in the previous study in 2020. Future One, a collaboration of the Big “I” and leading independent agency companies, has […]
The International Association of Black Actuaries (IABA) have selected Roosevelt Mosley Jr., FCAS, MAAA, CSPA and John Robinson, FSA, MAAA, FCA as their 2022 Lifetime Achievement Award Winners. As the International Association of Black Actuaries (IABA) ushers in its 30th year, it remains committed to increasing the number of successful Black Actuaries through strong leadership […]
Inland Marine Underwriters Association (IMUA) announced that the association is elevating its professional development commitment to members and will provide “all access” to remote education events at no additional cost. In making the announcement, Kevin O’Brien, IMUA President & CEO, said, “As announced at our recent 91st Annual Meeting in Savannah, the IMUA Board of Directors […]
The National Association of Insurance Commissioners (NAIC) members passed a Pet Insurance Model Act to establish appropriate regulatory standards for the pet insurance industry, which has annual premiums of approximately $2.8 billion in total in-force premiums in 2021 (up over 30.5% from $2.175 billion in 2020) and over 4.41 million insured pets across North America, […]
The National Association of Insurance Commissioners (NAIC) has released an in-depth 2021 market share data report on property/casualty insurers. The report provides fundamental market information that can be used by regulators, insurers, and others interested in analyzing the insurance industry. It also gives users an understanding of the overall size of the market by providing […]
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