The National Association of Insurance Commissioners (NAIC) held its 2021 Spring National Meeting from April 7 to April 14, 2021. The meeting was held in an all-virtual format due to the ongoing COVID-19 pandemic.
Unlike in-person National Meetings where most NAIC committees, working groups and task forces meet, the virtual Spring National Meeting primarily featured the letter committees, with many of the other meetings occurring prior to the event. Consequently, we offer highlights from both the Spring National Meeting and the committee, working group and task force meetings that took place during the preceding months. Notable developments include the following:
- The Special (EX) Committee on Race and Insurance heard updates from the NAIC Workstreams that are tasked with evaluating issues of diversity and inclusion (D&I) in insurance. The NAIC’s update on D&I follows a circular letter issued by the New York Department of Financial Services (NYDFS) in March detailing the benefits of D&I in the insurance sector and announcing NYDFS’ plans to collect certain D&I information from New York-regulated insurers (domestic and foreign) this summer.
- The Innovation and Technology (EX)…
