Rep. Ed Royce (R-Calif.) fired the first salvo in a renewed war on state regulation of insurance. Royce launched a broadside against the National Association of Insurance Commissioners (NAIC), and said he will request a hearing to investigate the NAIC and its role in the insurance marketplace.
NAIC's role, he said, has gone far beyond what it has the legal authority to do.
A top Republican on the House Financial Services Committee, Royce said the NAIC has acted beyond its self-described role as a standard-setting organization and taken on a regulatory role, both in the U.S. and on the international stage. An NAIC spokesperson said the association has no immediate comment.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
