NU Online News Service, Dec. 23, 12:10 p.m. EST
The National Insurance Producer Registry (NIPR), a non-profit affiliate of the National Association of Insurance Commissioners (NAIC), has called for improved accountability and consistent industry standards in 2010.
"During this turbulent year for the financial services industry, insurance businesses have not been immune to public scrutiny and fiscal pressures," NIPR said. "The news of struggling holding companies leaked into the business side of insurance, creating skepticism and frustration for many policyholders who are worried about being able to plan and protect themselves and their families."
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