November 22, 2004
NAIC's Proposed Boost In Budget Surplus Leaves Trade Groups Wondering Why
It only took an hour-long
conference call Wednesday for members of the National Association of
Insurance Commissioners to answer testimony by insurance trade groups
representatives regarding the NAIC's proposed 2005 budget.
At the end of the day, however, some trade group representatives said they were no better informed after the meeting than before. In all, 11 groups submitted testimony at the budget hearing, including the National Association of Mutual Insurance Companies; the American Insurance Association and the Property Casualty Insurers Association of America.
Read the full story
Posted by Tom Troceen