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NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. The NAIC is an Internal Revenue Code Section 501(c)(3) non-profit organization.
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Finance and Insurance: 53: Real Estate and Rental and Leasing: 54 Professional, Scientific, and Technical Services: 55 Management of Companies and Enterprises: 56 Administrative and Support and Waste Management and Remediation Services: 61: Educational Services: 62: Health Care and Social Assistance: 71: Arts, Entertainment, and Recreation: 72 ...
N. National Association of Insurance Commissioners; National Association of Registered Agents and Brokers Reform Act of 2013; National Council on Compensation Insurance
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
Three congressional Democrats on Monday requested an update from the National Association of Insurance Commissioners (NAIC) on the progress of incorporating climate-related risks into the industry.