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NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. The NAIC is an Internal Revenue Code Section 501(c)(3) non-profit organization.
Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa . [ 2 ]
NAICS Desk Reference: The North American Industry Classification Systems Desk Reference. Indianapolis: JISTWork, Inc. 2000. ISBN 1-56370-694-6. Vogel, Scott M. (2001). Harris' Complete Guide to NAICS: Your Ultimate Reference to NAICS, SIC & ISIC Codes. Twinsburg, Ohio: Harris InfoSource. ISBN 1-55600-922-4.
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Encompass Insurance Company is a subsidiary of Allstate Corporation and is one of the largest personal property and casualty insurance brands sold through a network of more than 6,500 independent agent locations across the United States.
The NAIC internal designation for the Annual Financial Reporting Model Regulation is MDL 205, where MDL stands for Model, and the number of the model rule is 205. [4] Because the regulation was issued by NAIC, which is not a federal agency with direct regulatory power, its adoption is on a state-by-state basis.
The National Council on Compensation Insurance (NCCI) is a U.S. insurance rating and data collection bureau specializing in workers' compensation. Operating with a not-for-profit philosophy and owned by its member insurers, NCCI annually collects data covering more than four million workers compensation claims and two million policies .
In 1999, CNA sold its personal insurance division to Allstate. [5] [6] That personal insurance company is now Encompass Insurance Company, a subsidiary of Allstate. [7] In 2002, CNA exited the life, group and reinsurance business. On January 1, 2004, CNA sold its Group Benefits division to The Hartford, based in Hartford, Connecticut. [8]