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You are here: Home / Archives for National Association of Insurance Commissioners

NAIC Announces 2025 Federal Legislative and Regulatory Priorities

March 24, 2025 By CollisionWeek Editor

Today, the National Association of Insurance Commissioners (NAIC) announced its 2025 federal legislative and regulatory priorities, which are focused on further strengthening the national system of state-based insurance regulation in the United States. The NAIC’s 2025 federal priorities include: Preserving and Respecting States’ Primary Role as Insurance Regulators by Eliminating the Federal Insurance Office (FIO): […]

Filed Under: News Tagged With: legislation, National Association of Insurance Commissioners

National Association of Insurance Commissioners Elects 2025 Officers

November 21, 2024 By CollisionWeek Editor

On November 19, members of the National Association of Insurance Commissioners (NAIC) elected their 2025 officers at the conclusion of the NAIC Fall National Meeting in Denver, Colorado. The 2025 NAIC officers include: President: North Dakota Insurance Commissioner Jon Godfread. Jon Godfread was first elected Commissioner of the North Dakota Insurance Department on November 8, […]

Filed Under: News Tagged With: Board of Directors, National Association of Insurance Commissioners, Officers, People

Five of the Top 10 U.S. Auto Insurers Grew Market Share in 2023

April 5, 2024 By CollisionWeek Editor

Auto insurance premiums earned up over 12% last year. Total direct premiums earned on private passenger auto insurance were $303.5 billion in the U.S. in 2023, up 12.3% from 270.3 billion in 2022 according to data released March 18 by the National Association of Insurance Commissioners (NAIC). In comparison, during 2022, earned premiums were up […]

Filed Under: Research Tagged With: Auto Insurance, National Association of Insurance Commissioners, Premiums

NAIC Members Approve Model Bulletin on Use of AI by Insurers

December 5, 2023 By CollisionWeek Editor

The National Association of Insurance Commissioners (NAIC) Membership voted to adopt the Model Bulletin on the Use of Artificial Intelligence Systems by Insurers during the 2023 Fall National Meeting. Comissioner Kathleen A. Birrane. Michael Conway, Commissioner of the Colorado Division of Insurance, and Doug Ommen, Commissioner of the Iowa Insurance Division, are co-vice chairs of […]

Filed Under: News Tagged With: Artificial Intelligence, Insurance Bulletin, National Association of Insurance Commissioners

Top 10 U.S. Auto Insurers Had Over 76% Market Share in 2022

March 30, 2023 By CollisionWeek Editor

Progressive moves into second place on the list of top 10 private passenger auto insurers. NAIC reports auto insurance premiums earned up nearly 5% in 2022. Total direct premiums earned on private passenger auto insurance were $270.26 billion in the U.S., up 4.86% from 57.7 billion in 2021 according to final data released March 28 […]

Filed Under: Research Tagged With: Auto Insurance, National Association of Insurance Commissioners

National Association of Insurance Commissioners Announces Resignation of CEO

March 20, 2023 By CollisionWeek Editor

The National Association of Insurance Commissioners (NAIC) announced that Michael (Mike) F. Consedine is stepping down as the organization’s Chief Executive Officer, effective April 30. Consedine has served as the CEO of the NAIC since January 2017. “On behalf of our members and the NAIC staff, we are grateful to Mike for all his good […]

Filed Under: News Tagged With: National Association of Insurance Commissioners, People

Top 10 U.S. Auto Insurers Had Over 75% Market Share in 2021

April 1, 2022 By CollisionWeek Editor

NAIC reports auto insurance premiums earned up over 3% in 2021. Total direct premiums earned on private passenger auto insurance were $257.7 billion in the U.S. in 2021, up over $7 billion, or 3.1% from $250 billion in 2020 according to final data released March 28 by the National Association of Insurance Commissioners (NAIC). The […]

Filed Under: Research Tagged With: Auto Insurance, National Association of Insurance Commissioners

National Association of Insurance Commissioners Elects 2021 Officers

December 14, 2020 By CollisionWeek Editor

2021 NAIC Officers

Members of the National Association of Insurance Commissioners (NAIC) elected officers for 2021 on December 9 during the closing activities of its Fall 2020 National Meeting. The following officers were elected for 2021: President: Florida Insurance Commissioner David Altmaier David Altmaier was appointed Commissioner of the Florida Office of Insurance Regulation (OIR) by the Financial […]

Filed Under: News Tagged With: National Association of Insurance Commissioners, People

Auto Physical Damage Insurance Underwriting Profit Up in 2017

December 11, 2018 By CollisionWeek Editor

NAIC Auto Physical Damage Profit including investment gains

The latest statistics from the National Association of Insurance Commissioners indicates that the private passenger auto physical damage insurance returned to profit in 2017. Data contained in the National Association of Insurance Commissioners (NAIC) report on profitability by insurance line in 2017, released this month, showed some improvement in private passenger auto physical damage (APD) […]

Filed Under: Research Tagged With: Auto Insurance, National Association of Insurance Commissioners, Profitability

PCI Reports Tariffs Could Increase Collision Repair Claim Costs $3.4 Billion

November 20, 2018 By CollisionWeek Editor

The Property Casualty Insurers Association of America (PCI) made a presentation Saturday to the National Association of Insurance Commissioners’ (NAIC) Property and Casualty Insurance (C) Committee on the potential effect of tariffs on auto insurance costs and consumers.  “Tariffs on auto parts could have a significant adverse economic impact on consumers, automobile repair providers, business, […]

Filed Under: News Tagged With: Claim Severity, National Association of Insurance Commissioners, Property Casualty Insurers Association of America, Tariffs

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