NU Online News Service, may 25, 2:50 p.m. EDT

The National Association of Insurance Commissioners said its fifth Financial Summit: 2010 Leadership Initiatives, will take place June 2-4, at the Hyatt Regency Jacksonville Riverfront Hotel, Jacksonville, Fla.

Topics on the conference agenda include:

o Insurance SMI

o Principles-Based Reserving

o Changes in reporting of structured securities

o Financial reporting update

o Statutory accounting update

o Catastrophic risk update

o International issues

o Federal legislative updates for insurance

o Legal and IT issues with financial impact

o Risk-focused exam effect on industry

Florida Insurance Commissioner Kevin McCarty will deliver the keynote address, focusing on contrasts between the U.S. system of regulation and the European Union's Solvency II regulation. The summit also will address the latest developments in Solvency modernization initiatives, market conduct impact on financial regulation and investments.

Approximately 20 hours of CPE credit may be earned.

Two general sessions are designed to address recent reform developments in the nation's capital.

The general session on federal legislative activity will highlight the status of the debate over federal regulation of insurance and broader financial regulatory reform.

Specific topics include creation of a systemic risk council, federal resolution authority and a new consumer financial protection agency. There will be a general session addressing the new health care bill's impact on health insurance regulation, such as state regulatory actions that will be required by the new federal law.

Registration will be available on site. Additional information on the summit is available HERE.

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