AIG Will Announce Assets to be Sold, Seeks to Retain Insurance Executives American International Group is moving ahead with plans to fix its financial situation without seeking shareholder approval as insurance commissioners and others scrambled last week to reassure the market that its insurance subsidiaries were sound....
NAIC Proposes 2009 Operating Budget of $70.5 Million The NAIC is planning to increase its budget for 2009 by 6 percent – $4 million – over current levels, raising concerns among some in the industry about expanding its programs during the current economic climate....
The NAIC has launched a new licensing tool that electronically stores documents that applicants have submitted and promises to smooth the producer licensing process....
