NAIC Winter Meeting Topics To Include Catastrophe, International Issues
|Targeted News Service|
In the wake of Hurricane/Superstorm Sandy, catastrophe issues are likely to be a major topic of discussion, with a public hearing of the
"The industry response to Sandy is likely to be at the forefront of this discussion," said
The Saturday meeting of the C Committee is scheduled for
"With Sandy still very much in the news, we expect renewed discussion about NFIP reforms and the program's increased debt to get a lot of attention from the working group," Manna said.
Corporate governance is also expected to be a key agenda item, with the
"PCI believes that no regulatory need has been demonstrated for the working group's proposals, and we will continue to oppose them in their current form," Manna said.
In the international arena, the International Insurance Relations (G) Committee will meet from
"PCI will continue to urge that ComFrame focus on improving the efficiency and effectiveness of group supervision rather than imposing additional regulation on global insurers, and that the regulatory measures applied to any identified GSIIs be limited as far as possible to the non-insurance and non-traditional insurance activities that may pose systemic risk," Manna said.
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