As if it isn't easy enough to read the signposts that have been cropping up in the news media, the latest announcement coming out of the NAIC makes things pretty clear: At an industry tele-press conference yesterday, incoming President Terry Vaughan announced that the association was moving its headquarters from Kansas City to Washington, D.C.
The move comes in direct response to demands from Congress during what Vaughan called "a historic time for regulation" of property-casualty insurance and financial services regulation.
The move will essentially create a Center for Insurance Information operating out of the NAIC's 16-person D.C. office. The association will maintain its staff of 377 in K.C. and 48 in New York.
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