The new budget is in. The National Association of Insurance Commissioners (NAIC) 2014 proposed budget includes total revenues of $93.2 million, including $3.8 million in investment income, and total expenses of $91.8 million, increases of 3.68 percent and 3.87 percent respectively compared to the 2013 budget.
The 2014 budget is expected to exceed 2013's by $7.3 million.
The proposed operating-revenue budget is expected to be $89.5 million, 2 percent higher than the 2013 budget.
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Elizabeth Festa
Elizabeth Festa is a longtime business and financial services reporter with a specialty in insurance regulatory and legislative coverage at the federal and state level. She is based in Washington, D.C.
