State legislators have slammed a National Association of Insurance Commissioners proposal for regulatory reform as a measure permitting federal authorities to take over their insurance lawmaking function.

Consumer advocates again criticized the National Association of Insurance Commissioners for dragging its feet on credit scoring while attending quickly to issues of concern to the insurance industry.

The National Association of Insurance Commissioners should hold fewer non-public meetings and adopt greater transparency and public accountability, according to consumer advocates.

The Travelers Institute said it convened a panel of experts to discuss strategies for making homes more storm resistant at what it called a Partnership on Mitigation Summit in Windsor, Conn.

Average percentage of decline for property and casualty insurance rates remained unchanged on a month-to-month basis, according to online insurance exchange MarketScout.

The National Association of Insurance Commissioners adopted a $70.9 million operating budget for 2010 at its winter meeting in San Francisco.

The New York State Insurance Department said individuals seeking licenses to conduct business in various professional categories as of Dec. 15 must submit electronic fingerprints with their license applications.

U.S. reinsurers saw a slight decline in net premiums written during the first three quarters of 2009, but the business they wrote was far more profitable, a Reinsurance Association of America survey has revealed.