The National Association of Insurance Commissioners (“NAIC”) has released the second volume of the 26th edition of the Insurance Department Resources Report (“IDRR”), comparing state insurance department resources.
The first volume, published in June, included data on staffing, budgeting, and examination information. The second volume includes admitted premium by state and by line of business; excess and surplus lines premium; and statistics including budget as a percent of revenues.
Developed primarily through a survey of NAIC member states and territories, the second volume of the IDRR is organized into two sections: Budget and Funding, and Examination and Oversight.
An overview of the findings in Volume Two includes:
- California reported the largest 2012 premium, which is $80.6 billion greater than the second-largest 2012 premium (New York).
- Total premium collected increased by 5.7 percent.
Learn more: www.naic.org.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].