NAIC E-Regulation Conference Highlights Strength Of State Regulation
|May 9, 2007|
KANSAS CITY, Mo. — More than 700 insurance regulators and industry representatives are attending the 8th annual E–Regulation Conference and Information Technology Expo this week in Kansas City, Mo. The conference is sponsored by the National Association of Insurance Commissioners (NAIC) and National Insurance Producer Registry (NIPR).
The conference kicked off with a keynote panel discussion with NAIC Vice President and New Hampshire Insurance Commissioner Roger Sevigny and NAIC Secretary–Treasurer and West Virginia Insurance Commissioner Jane Cline. NAIC Executive Vice President and CEO Catherine J. Weatherford facilitated the discussion.
The panel focused on how state regulation affords a greater opportunity for regulators and industry to work together to meet the needs of consumers, especially in policy offerings, insurance coverages and claims experience.
“Discussions about consumer protection and natural disaster response are always important and are especially timely, given recent damaging storm outbreaks across the midwest,” Weatherford said. “We continue to believe that the state regulation of insurance can best meet consumer needs. We sincerely hope that all of this year’s participants embrace NAIC issues and commit to leveraging the many initiatives and tools offered by the Association.”
The E-Regulation Conference runs through Wednesday. Arkansas Insurance Commissioner Julie Benafield Bowman and Neil Woerman, Director of Information Technology at the Kansas Insurance Department, also are among the featured keynote speakers.