The president of the National Association of Insurance Commissioners said a call to regulate the insurance industry on a national level for international activity would make regulation more complex and not be prudent.
Responding to the recommendations in last week's report from Washington think tank Group of Thirty was NAIC President and New Hampshire Insurance Commissioner Roger Sevigny.
Commenting on that organization's call for a national regulator of insurance over international matters, Mr. Sevigny said in an e-mail statement: "While the report advocates national-level supervision for internationally active insurers, state insurance regulators caution against proposals that would only increase the complexity of regulation.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
