DAILY NEWS
CoNtENts:
SATURDAY
6.13.09
NAIC CommuNICAtIoNs DIvIsIoN
PRoDuCtIoN & EDItoRIAL stAFF:
PAGE 2 • Today’s agenda Scott Holeman
• naIC In The news Jeremy Wilkinson
• a new servICe To Those who serve Miun Gleeson
Vanessa Sink
PAGE 3 • MInneapolIs dInIng guIde Carly Halvorson
• phoTos FroM The CoMMIssIoners’ Fly-In DAILY NEWs PICKuP sItEs:
• Insure u geTs a new, More Modern look Registration Desk, Commissioner Services,
Regulators’ Lounge,
PAGE 4 • governor’s welCoMe
Coffee Stations and Meeting Rooms
TWIN CITIES REFLECT DUAL STRENGTHS
A message from Terri Vaughan, Ph. D., NAIC Chief Executive Officer
Welcome to the Twin Cities! Executive branch, and through media relations. In addition, we are
redesigning our Web site to make insurance information more easily
The vibrant city of Minneapolis-
available. All of these activities should continue to raise our profile as
St. Paul is an ideal setting for our
regulatory experts.
summer meeting. The “Twin Cities”
is an apt reflection of the dual Whether on Capitol Hill or in your own states, it is imperative that
diligence insurance commissioners we continue to preserve and build upon the successful model of our
demonstrate: protecting consumers national state-based regulation – a system that is strengthened and
and ensuring insurance company made possible by your efforts.
solvency. This important duality is We wish you a successful meeting.
at the core of state-based insurance
regulation and we
terri vaughan, Ph. D.
naIC Chief executive officer
have made critical
advances at this
time.
REGULATORS MEET WITH DC LEADERS
NAIC members gathered on May 20–21
for meetings with members of Congress
This is no more evident than in our flurry of recent
and the Administration to discuss regula-
activity in the nation’s Capitol. Last month, more
tory reform.
than 35 state insurance commissioners traveled
to Washington, D.C. for meetings with members During the meetings, regulators stressed
of Congress to discuss insurance regulatory that any reforms must provide consum-
reform. Commissioners heard from Massachusetts ers with the time-tested protections of
Congressman Barney Frank, chairman of the House the current national system of state insur- Congressman Barney Frank Kathleen sebelius,
Committee on Financial Services on his views ance oversight. continued on page 3
(mA), Chairman of the house health and human services
subcommittee on Financial Secretary
for financial regulatory reform; from Health and
Services
Human Services Secretary Kathleen Sebelius on
health insurance reform; and from North Dakota
Congressman Earl Pomeroy on his perspective
as a former NAIC President and insurance
commissioner.
In addition, we are making great progress with the
creation of our Center for Insurance Policy and
Research and the expansion of NAIC services in
our Washington, D.C. Executive Office. Very soon,
L-R: Jane Cline, naIC president-elect & west virginia Insurance Commissioner; Roger sevigny, naIC president & new
we plan to announce the appointment of our first
hampshire Insurance Commissioner; Kevin mcCarty, naIC secretary-Treasurer & Commissioner of Florida office of
Distinguished Scholar in Insurance Regulation. Insurance regulation; sandy Praeger, naIC Immediate past president & kansas Insurance Commissioner;
Daily, we are actively engaged in outreach susan voss, naIC vice president & Iowa Insurance Commissioner.
and education efforts, both on the Hill, in the
DAILY NEWS
NAIC IN THE NEWS
sAtuRDAY 6.13.09
TODAY’S AGENDA
Capital and surplus Relief (E) WG
8–9 aM—hilton—salons e-F—3rd Floor
Earthquake study (C) Group
Amidst the economic turbulence, the NAIC Other major outlets include The
8–9 aM—hilton—salon g—3rd Floor
and its members continue to be a constant Washington Post, USA Today, The Chicago
Information systems (EX1) task Force
presence in the media to inform and edu- Tribune and The Los Angeles Times. NAIC
8–9 aM—hilton—salon a—3rd Floor
cate consumers. State commissioners have members have also appeared in syndi-
NAIC/IAIABC Joint (C) WG
been front and center by setting the record cated articles by the Associated Press, in
8–11 aM—hilton—salons B-C—3rd Floor
straight on various insurance issues and addition to extensive regional coverage.
NAIC/state Government Liaison Committee
providing tips for concerned consumers. Commissioners have also taken to the
8:30–10 aM—hilton—salon d—3rd Floor In April, NAIC President and New airwaves. NAIC President-Elect and West
Risk Retention Group (E) task Force Hampshire Insurance Commissioner Virginia Insurance Commissioner Jane
9 –10 aM—Convention Ctr—101 a-C—level 1 Roger Sevigny and Dr. Terri Vaughan co- Cline was featured on POTUS (Politics
Accounting Practices and Procedures (E) tF authored a letter to the editor that was pub- of the United States) on Sirius XM radio
Emerging Accounting Issues (E) WG and statutory Accounting lished in The New York Times. Written in discussing the optional federal char-
Principles (E) WG response to calls for a federal regulator by ter. Connecticut Commissioner Thomas
9–11:30 aM—Convention Ctr—101 F-J—level 1 Allstate CEO Tom Wilson, Commissioner Sullivan contributed a segment for “This
Annuity Disclosure (A) WG Sevigny and Dr. Vaughan emphasized American Life” on National Public Radio
10–11:30 aM—hilton—salons e-F—3rd Floor the states’ role in protecting consumers (NPR), while on the online radio sta-
Internal Administration (EX1) subcommittee* from the collapse of AIG and corrected tion TalkZone, Commissioner Praeger
10 aM–12 pM—hilton—Carver—2nd Floor misleading statements about the compa- addressed consumer concerns about how
suitability of Annuity sales (A) WG ny’s involvement in the insurance the H1N1 flu virus may
11:30 aM–1 pM—hilton—salons e-F—3rd Floor marketplace. affect travel plans.
speed to market (EX) tF Kansas Insurance Commis-
11:30 aM–1 pM—Convention Ctr—200 a-C—level 2 sioner Sandy Praeger
solvency modernization Initiative (EX) tF was also featured in The
Principles-Based Reserving (EX) WG New York Times, offer-
12–1 pM—Convention Ctr—101 F-J—level 1 ing advice to parents with
NAIC opening session children who are either attending
1–2 pM—Convention Ctr—Ballroom a-B—level 1 or will soon leave for college.
Financial Regulation standards and Accreditation (F) Committee
2–3 pM—Convention Center—200 F-I—level 2
International Regulatory Cooperation (G) WG
2–3 pM—hilton—salon a—3rd Floor
NEW SERVICE FOR THOSE WHO SERVE
NAIC/Consumer Liaison Committee
2–3:30 pM—hilton—salon d—3rd Floor
Crop Insurance (C) WG
3–4 pM—hilton—salon a—3rd Floor The NAIC’s new Military
Reinsurance (E) tF Servicemember Policyholder
3–5 pM—Convention Ctr—101 F-J—level 1 Search tool has been a popular
sERFF Board meeting topic for the media. In addition
3:30–5 pM—Convention Ctr—101 e—level 1 to regional coverage based off of
Accounting Practices and Procedures (E) tF many states’ press releases, two
Blanks (E) WG major military outlets also picked
3:30–5:30 pM—Convention Ctr—101 a-C—level 1 up the story about the search tool
Zone meetings 5–6 Pm* and the multi-state investigation
Midwestern—hilton—salon a—3rd Floor led by the Georgia and Texas
northeastern—hilton—salon e—3rd Floor Insurance Departments. Army
southeastern—hilton—salon g—3rd Floor Times and Stars and Stripes, two
western—hilton—salon F—3rd Floor newspapers dedicated entirely to
NAIC Welcome Reception covering military-related topics,
6–7 pM—hilton—salons B-d—3rd Floor both ran stories about the search
tool, reaching out to more than
* Regulator to regulator session 4 million active-duty members
and their families.
SATURDAY
6.13.09
DC MEETING
DINING GUIDE
LEFt: Congressman Earl Pomeroy
Continued from Page 1 (ND), Member of house ways and Means
NAIC President and New Committee and Subcommittees on Social
Hampshire Insurance Commis- security and health
Please take a moment to check out our
sioner Roger Sevigny said the vis- BELoW: more that 40 NAIC members Minneapolis dining guide, with plenty of sug-
its were designed to ensure careful and staff participated in the may, gestions for fine, reasonably priced dining.
consideration of reforms to the DC event.
nation’s financial services regu- 318 Café (Café, coffeehouse)
latory structure. State insurance 318 Water St (952) 401-7902
regulators also shared the NAIC Broder’s Pasta Bar (Italian)
principles for health insurance 5000 Penn Ave S (612) 925-9202
reform, which stress the states’ sub- Chiang Mai Thai (Thai)
stantial experience and expertise in 3001 Hennepin Ave #109E (612) 827-1606
the crafting of federal legislation. Christos (Greek)
2632 Nicollet Ave (612) 871-2111
Dakota Jazz Club (American comfort food)
1010 Nicollet Mall (612) 332-1010
El Loro (Mexican)
99 Willow Bend (763) 537-9688
Fuji Ya (Japanese, sushi)
600 West Lake Street (612) 871-4055
Hell’s Kitchen (American)
80 South 9th Street (612) 232-4700
Jax Café (Steak, seafood)
1928 University Ave NE (612) 789-7297
NEW LOOK FOR INSURE U WEB SITE La Cucaracha (Mexican)
533 Hennepin Ave (612) 339-1161
Market BBQ (BBQ)
1414 Nicollet Ave (612) 872-1111
McCormick and Schmick’s (Seafood)
800 Nicollet Mall #100 (612) 338-3300
Origami (Japanese, sushi)
30 N 1st St #1 (612) 333-8430
Peking Garden (Chinese)
2324 University Ave SE (612) 623-3989
Pepitos (Mexican)
In May, the Communications Division Library. Plus, guides on auto, home, life 320 S 4th St (612) 822-2104
unveiled a brand new look for its consumer and cancer insurance are available in new Punch Neapolitan Pizza (Italian)
education Web site, Insure U. The redesign downloadable formats. The new Insure U 210 E Hennepin Ave (612) 623-8114
is yet another step toward providing con- Web site still presents information by life Rudolph’s (BBQ)
sumers with important, reliable insurance situation with special sections for long-term 1933 Lyndale Ave S (612) 871-8969
information relevant to their specific needs. care insurance, disaster preparedness and Sawatdee (Thai)
Insure U’s makeover reveals a cleaner, more frequently asked questions regarding AIG. 607 Washington Avenue S (612) 338-6451
modern look, without sacrificing the quan- Each are placed prominently on the home St. Paul Grill (Bar and grill)
tity of information on its pages. In fact, the page. 350 Market St (651) 224-7455
new Insure U contains even more informa- The redesign for Insure U is the first of Taste of India (Indian)
tion than before, and consumers don’t have many changes to NAIC Web sites. In an 5617 Wayzata Blvd (952) 541-4865
to look very hard to find what they need. ongoing effort to renovate www.naic.org, The Bulldog NE (American)
What was once featured on the NAIC’s the Communications Division will continue 401 E Hennepin Ave (612) 378-2855
Consumer page has now been completely to streamline and reorganize the content The Happy Gnome (Brewpub)
incorporated into the Insure U curriculum, presented on the home page. 498 Selby Ave (651) 287-2018
presented in an easy-to-find format. The Local (Irish pub)
Consumers now get more information about 931 Nicollet Mall (612) 904-1000
www.insureUonline.org
auto, health, homeowners and The Oceanaire Seafood Room (Seafood)
life insurance in the Insure U 1300 Nicollet Ave (612) 333-2277
DAILY NEWS SATURDAY
6.13.09
A MESSAGE FROM GOV. PAWLENTY
Greetings!
On behalf of the State of Minnesota, it is with great pleasure that I welcome you to the 2009
Summer Meeting of the National Association of Insurance Commissioners.
Strong financial oversight is important in these difficult economic times, and this
conference provides an opportunity for the NAIC to review and improve consumer
protection.
For those of you visiting, we hope you enjoy your stay in Minnesota. We invite you to explore
our superior shopping, fine hotels, world-class restaurants, and variety of attractions.
Again, thank you all for attending and best wishes for a successful conference!
Warmest regards,
Tim Pawlenty
Governor
Get the whole picture.
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