NAIC Updates Its State Insurance Regulatory Response to COVID-19
November 17, 2020 by NAIC
Washington (October 29, 2020) – The National Association of Insurance Commissioners (NAIC) today releases its second update regarding the current pandemic and the insurance industry: A Report of the NAIC on the State Insurance Regulatory Response to COVID-19 Update 2. The latest report outlines the actions taken by members and regulators from June 1, 2020 to September 30, 2020 to help curtail the impact of the pandemic.
“The state-based regulatory system quickly pivoted to not only address a global pandemic, but issues like Race and Insurance and Climate Risk and Resiliency, among others,” said NAIC President and South Carolina Director of Insurance, Ray Farmer. “We’ve been able to address these priorities by staying true to our core values. This report summarizes the efforts and results on behalf of the NAIC and the nation’s insurance regulators.”
Summary of key actions from June 1, 2020 — Sept. 30, 2020:
A new NAIC report on COVID looks to prioritize industry initiatives going forward. Access the report here.