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Rhode Island Regulator Dwyer Named to Financial Stability Oversight Council

The Executive Committee of the National Association of Insurance Commissioners (NAIC) has appointed Beth Dwyer, superintendent of Banking and Insurance ....

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NAIC Executive Committee Appoints Beth Dwyer to Financial Stability Oversight Council

/PRNewswire/ The Executive Committee of the National Association of Insurance Commissioners (NAIC) has appointed Beth Dwyer, Superintendent of Banking and. ....

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Maine One of Latest States to Enact NAIC-Inspired Insurance Data Security Act

Maine One of Latest States to Enact NAIC-Inspired Insurance Data Security Act
Maine is one of the latest states to enact its own version of the National Association of Insurance Commissioners (NAIC) model data security law, signing the Maine Insurance Data Security Act into law on March 17.
The NAIC Insurance Data Security Model Law was formally adopted in 2017 and aims to establish data security standards for regulators and insurers to mitigate damage from a data breach. It has since been adopted by several U.S. states, with Maine and North Dakota being two of the latest.
“The NAIC model development has received wide attention in the industry from interested parties, including trade groups representing insurers and producers,” Maine Bureau of Insurance Superintendent Eric Cioppa told Insurance Journal in emailed comments. “…Maine has actively participated in the development of the NAIC model law, which Maine’s new law is based upon.” ....

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Maine Bureau of Insurance investigations lead to $1.4M recovered

Insurance investigations recover nearly $1.4M for Mainers
Additionally, policies valued at $818,000 were matched to Mainers through the National Association of Insurance Commissioners Life Insurance Policy Locator.
Credit: AP
Published: 2:40 PM EST February 11, 2021
Updated: 2:42 PM EST February 11, 2021
AUGUSTA, Maine Maine Bureau of Insurance Superintendent Eric Cioppa announced Thursday that nearly $1.4 million was recovered for Maine consumers through investigations conducted by the Bureau’s consumer divisions in 2020.
Additionally, policies valued at $818,000 were matched to Mainers through the Life Insurance Policy Locator, managed by the National Association of Insurance Commissioners (NAIC), of which Maine is a member.
“Throughout 2020, despite the majority of our staff working remotely, we maintained our normal daily schedules and support services for consumers and also put in place a number of pandemi ....

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