2003 News Release

Albany, New York, November 24 2003 ─ Consumers interested in attending meetings of the National Conference of Insurance Legislators (NCOIL) might now attend registration-free thanks to a proposal adopted during last week’s NCOIL Annual Meeting in Santa Fe, New Mexico.

Albany, New York, November 24 2003  ─ State legislators who convened recently during the Annual Meeting of the National Conference of Insurance Legislators (NCOIL) took strong action to encourage modernization of state rate regulation, decisively readopting an NCOIL Property/Casualty Insurance Modernization Act.  The model is part of an integrated financial modernization package that would streamline the way states regulate insurance.

Albany, New York, November 24 2003 ─ The federal government has punted when it comes to healthcare, and it is up to the states to resolve the issue, New Mexico Governor Bill Richardson said Friday before an overflow luncheon audience.

Albany, NY, November 6, 2003 ─State legislators will address one of the most pressing speed-to-market reforms that Congress has identified when the National Conference of Insurance Legislators’ (NCOIL) Property-Casualty Insurance Committee convenes on November 21 to review the NCOIL Property/Casualty Insurance Modernization Act.   The model law would modernize the ways states approve property-casualty insurance rates.  Central to Committee discussion will be consideration of proposed amendments to the model, as well as a proposed resolution regarding state adoption of flex-band rating laws.

Washington, DC, November 5, 2003 – New York State Sen. Neil Breslin, Chair of the National Conference of Insurance Legislators (NCOIL) State-Federal Relations Committee, told a Congressional panel today that the states are making meaningful and measurable progress to improve state insurance regulation for the benefit of consumers and the industry.

Chicago, IL, September 12, 2003 –   The National Conference of Insurance Legislators (NCOIL) received today “constructive and positive” feedback from regulators, consumer and industry representatives on its proposed Market Conduct Surveillance Model Act.  The NCOIL model act was the subject of the organization’s Market Conduct Regulation Task Force hearing held here today

Albany, NY, August 25, 2003 –   The National Conference of Insurance Legislators (NCOIL) released today a proposed market conduct regulation model law that envisions a fundamental rethinking of how states regulate insurers’ marketplace activities.  The development of the NCOIL Market Conduct Surveillance Model Law follows more than a four-year examination of market conduct regulation by NCOIL and the Insurance Legislators Foundation (ILF), a research and educational arm of NCOIL.

Albany, NY, August 21, 2003 – New York State Sen. Neil Breslin, Chair of the National Conference of Insurance Legislators (NCOIL) State-Federal Relations Committee, announced today the formation of a five-member task force to oversee the Committee’s development of a model law on market conduct insurance regulation.

Albany, NY, August 7, 2003 ─ Legislators of the National Conference of Insurance Legislators’ (NCOIL) Property-Casualty Insurance Committee unanimously adopted a resolution calling for reform of the current asbestos-litigation system and supporting certain federal and state initiatives aimed at remedying the current approach.

Albany, NY, July 18, 2003The National Conference of Insurance Legislators (NCOIL) will begin drafting a market conduct regulation model law designed to better protect insurance consumers and bring greater uniformity to this key regulatory function.

Washington, DC, July 16, 2003The National Conference of Insurance Legislators (NCOIL) at its recently completed summer meeting issued formal support for the National Association of Insurance Commissioners (NAIC) Interstate Insurance Product Regulation Compact.

New York City, June 23, 2003National Conference of Insurance Legislators (NCOIL) leadership said yesterday before the Executive Committee of the National Association of Insurance Commissioners (NAIC) that after more than four years of examination, NCOIL has concluded that a model law for market conduct reform is essential.  Rep. Kathleen Keenan (VT) and Sen. Steven Geller (FL), who serve as NCOIL president and vice president, respectively, delivered their remarks during the NAIC Summer Meeting in New York City.   Both legislators also hold the same positions on the board of the Insurance Legislators Foundation (ILF), NCOIL’s educational and research arm.

Albany, New York, June 12, 2003—The need for widespread insurance market conduct reform was affirmed at a recent Insurance Legislators Foundation (ILF) hearing that likewise found broad agreement on the need for state legislative and regulatory cooperation.  The Chicago hearing, held on a preliminary ILF report entitled The Path to Reform—The Evolution of Market Conduct Surveillance Regulation, set course for a comprehensive market conduct agenda aimed at reforming the current system and staving off federal intervention.

Albany, New York, June 4 – State lawmakers will discuss sweeping changes to insurance market-conduct surveillance at a Friday, June 6 Insurance Legislators Foundation (ILF) hearing on a recently released preliminary report entitled The Path to Reform—The Evolution of Market Conduct Surveillance Regulation.  The ILF, a research and educational arm of the National Conference of Insurance Legislators (NCOIL), will hear testimony from a variety of experts convened at the Hotel Inter-Continental, 505 North Michigan Avenue, Chicago, Illinois, from 1:30 to 4:00 p.m.

Albany, New York, May 12, 2003 –   The Insurance Legislators Foundation (ILF), a research and educational arm of the National Conference of Insurance Legislators (NCOIL), announced today that it will hold a June 6 hearing on a recently released market conduct preliminary report entitled “The Path to Reform – The Evolution of Market Conduct Surveillance Regulation.”

Albany, New York, May 9, 2003—Use of medical criteria to determine fair compensation for asbestos victims will be among the issues debated when legislators gather at a July 10 hearing in Williamsburg, Virginia, to consider a proposed resolution endorsing effective asbestos-liability reform.  The hearing, held by the National Conference of Insurance Legislators (NCOIL) Property-Casualty Insurance Committee from 3:30 to 5:30 p.m., will take place in conjunction with the July 10 through 13 NCOIL Summer Meeting.

Washington, D.C., May 6, 2003Illinois State Rep. Terry Parke (R-Hoffman Estates) today unveiled a National Conference of Insurance Legislators (NCOIL) proposed report that recommends a fundamentally new state insurance market-conduct surveillance system. 

Albany, New York, February 25, 2003 ¯ Legislators at the February 20-23 Spring Meeting of the National Conference of Insurance Legislators (NCOIL) in Savannah, Georgia, considered whether caps on non-economic damages and other tort-system reforms would alleviate consumer and insurer concerns about the high costs of liability insurance coverage.  The February 22 panel discussion, entitled Tools for Tort Reform: Do They Work?, was part of an ongoing NCOIL investigation into possible state solutions to the tort dilemma.

Albany, New York, January 27, 2003 ¯ National Conference of Insurance Legislators (NCOIL) President Rep. Kathleen Keenan (VT) today announced the appointments of NCOIL’s 2003 Committee chairs.

Albany, New York, January 15, 2003 The Board of Directors of the Insurance Legislators Foundation (ILF), a research and educational arm of the National Conference of Insurance Legislators (NCOIL), will hold a hearing to identify ways in which state legislators can encourage local governments, businesses, and homeowners to participate in the National Flood Insurance Program (NFIP), announced Vermont State Rep. Kathleen Keenan, president of the ILF and NCOIL.