NAPSLO has unveiled its redesigned web site (www.napslo.org), featuring richer content, more timely news and additional resources designed to position the site as a central source of information about the Excess and Surplus Lines industry.
Web site improvements begin on the home page where visitors and members can find the latest NAPSLO and E&S news, an event “Schedule at a Glance” and a Video Center, which currently includes a video on recent legislative activity and U.S. Senate Banking Committee testimony by NAPSLO Executive Director Richard Bouhan. In addition to the current content, a redesigned “Careers” section is due in coming months.
“With richer content and more dynamic navigation, the new web site is and will continue to grow as a source of information not only for our members, but also for everyone in the insurance industry looking for information on NAPSLO and the E&S Lines industry,” said John Wood, NAPSLO President. “With everything from legislative updates to career information, this web site will help position NAPSLO as the industry leader.”
The web site features new subject areas on NAPSLO education and schools, legislation and regulation, upcoming events and the NAPSLO blog. An enhanced Newsroom features NAPSLO newsletters, E-news, news releases, breaking news, legislative and Derek Hughes/NAPSLO Educational Foundations news, as well as video and the organization’s annual report.
The site also includes a section on NAPSLO’s “Wholesaler Value” education and awareness campaign launched in the latter half of 2008 to increase awareness of the value that wholesalers bring to retail insurance agents and corporate risk managers in placing E&S lines coverage.
“Given the current market, it’s more important than ever that retail agents and brokers, and risk managers understand that wholesale brokers have the expertise, experience and knowledge to place E&S lines,” Wood said. “We expect the new NAPSLO web site to bring even more attention to our Wholesaler Value campaign and give our members information on how they can get involved.”
Tuesday, March 31, 2009
Friday, March 27, 2009
NAPSLO Optimistic About NRRA Passage After Capitol Hill Visit
NAPSLO leaders said they were optimistic about passage of the Nonadmitted and Reinsurance Reform Act (NRRA) after more than 20 NAPSLO representatives visited with Members of the Senate Committee on Banking, Housing and Urban Affairs on Tuesday to discuss surplus lines issues.
During the meetings, NAPSLO representatives spoke with Senator Evan Bayh (D-IN), who along with Sen. Mel Martinez (R-FL), plan on introducing a version of NRRA. The visits were part of NAPSLO’s fourth annual “Day on the Hill” and members representing NAPSLO brokers and insurers met with almost all Members or staff on the Senate Banking Committee, and also with Leadership on the House Financial Services Committee.
"With the leadership of Senators Bayh and Martinez on surplus lines reform, there is tremendous hope that this important piece of legislation will pass," said NAPSLO President John Wood. “This bill was approved unanimously by the House of Representatives the past two sessions and based our discussions with Senators and Representatives this week we are encouraged that the bill will be introduced and passed by Congress.”
The Nonadmitted and Reinsurance Reform Act (NRRA) is aimed specifically at streamlining and reducing barriers in state regulation of surplus lines insurance and reinsurance. It would create a uniform system, while preserving the role of the state regulator.
“We believe this bill will solve a number of regulatory problems by establishing federal standards for state regulation, while retaining the state regulation that avoided many of the problems seen in the recent crisis,” said NAPSLO Executive Director Richard Bouhan. “The bill enjoys broad support within the industry and we look forward to its passage.”
In February, Rep. Dennis Moore (D-KS) and Rep. Scott Garrett (R-NJ) of the House Committee on Financial Services announced that they would take the lead in introducing the NRRA in the House. The NRRA is similar to bills passed by the House in the 109th and 110th Congress. The NRRA was also introduced in the Senate in the 110th Congress and the Senate Banking Committee discussed the bill in a hearing on insurance regulation in July of 2008. Chairman Dodd indicated his intent to move the bill at last summer's hearing but the financial crisis prevented further consideration of the bill by the Senate in 2008.
“We are encouraged by our discussions with Members of Congress and believe the bill has a good chance to be approved,” said Maria Berthoud of B&D Consulting, which represents NAPSLO in Washington. Berthoud added “the new leadership of Senator Bayh has given the bill added momentum."
During the meetings, NAPSLO representatives spoke with Senator Evan Bayh (D-IN), who along with Sen. Mel Martinez (R-FL), plan on introducing a version of NRRA. The visits were part of NAPSLO’s fourth annual “Day on the Hill” and members representing NAPSLO brokers and insurers met with almost all Members or staff on the Senate Banking Committee, and also with Leadership on the House Financial Services Committee.
"With the leadership of Senators Bayh and Martinez on surplus lines reform, there is tremendous hope that this important piece of legislation will pass," said NAPSLO President John Wood. “This bill was approved unanimously by the House of Representatives the past two sessions and based our discussions with Senators and Representatives this week we are encouraged that the bill will be introduced and passed by Congress.”
The Nonadmitted and Reinsurance Reform Act (NRRA) is aimed specifically at streamlining and reducing barriers in state regulation of surplus lines insurance and reinsurance. It would create a uniform system, while preserving the role of the state regulator.
“We believe this bill will solve a number of regulatory problems by establishing federal standards for state regulation, while retaining the state regulation that avoided many of the problems seen in the recent crisis,” said NAPSLO Executive Director Richard Bouhan. “The bill enjoys broad support within the industry and we look forward to its passage.”
In February, Rep. Dennis Moore (D-KS) and Rep. Scott Garrett (R-NJ) of the House Committee on Financial Services announced that they would take the lead in introducing the NRRA in the House. The NRRA is similar to bills passed by the House in the 109th and 110th Congress. The NRRA was also introduced in the Senate in the 110th Congress and the Senate Banking Committee discussed the bill in a hearing on insurance regulation in July of 2008. Chairman Dodd indicated his intent to move the bill at last summer's hearing but the financial crisis prevented further consideration of the bill by the Senate in 2008.
“We are encouraged by our discussions with Members of Congress and believe the bill has a good chance to be approved,” said Maria Berthoud of B&D Consulting, which represents NAPSLO in Washington. Berthoud added “the new leadership of Senator Bayh has given the bill added momentum."
Wednesday, March 18, 2009
NAPSLO encouraged by planned reintroduction of NRRA in Senate
NAPSLO officials said they are encouraged by the planned early reintroduction of the Nonadmitted and Reinsurance Reform Act of 2009 in the Senate and hope that the bill will be approved by the 111th Congress.
Senators Evan Bayh (D-IN) and Mel Martinez (R-FL), members of the Senate Committee on Banking, Housing and Urban Affairs, announced today that they will introduce a version of the Nonadmitted and Reinsurance Reform Act (NRRA) of 2009.
"We are thrilled to have garnered the leadership of Senator Bayh, a senior Democratic member of the Senate Banking Committee, to help lead the effort on surplus lines reform this year along with the continued excellent leadership of Senator Martinez," said Maria Berthoud of B&D Consulting, who represents NAPSLO in Washington, D.C.
"The new leadership of Senator Bayh shows the momentum the NRRA has this year. With the leadership of Senators Bayh and Martinez, we are optimistic about the bill's chances for passage." said NAPSLO President John Wood. “This bill was approved unanimously by the House of Representatives the past two sessions and the early introduction in the Senate offers encouragement that the bill will be approved by the 111th Congress and signed into law.”
The Nonadmitted and Reinsurance Reform Act (NRRA) measure is aimed specifically at streamlining and reducing barriers in state regulation of surplus lines insurance and reinsurance. It would create a uniform system, while preserving the role of the state regulator.
In February, Rep. Dennis Moore (D-KS) and Rep. Scott Garrett (R-NJ) of the House Committee on Financial Services announced that they would take the lead in introducing the NRRA in the House. The NRRA is similar to bills passed by the House in the 109th and 110th Congress. The NRRA was also introduced in the Senate in the 110th Congress and the Senate Banking Committee reviewed the bill during hearings on insurance regulation in late July of 2008. The bill received a favorable hearing however legislation regarding the financial crisis prevented further consideration of the bill by the Senate in 2008.
NAPSLO officials said they hope to see the bill introduced soon and believe there is continued strong industry support for the bill, as was stated during the Senate Banking Committee hearings in 2008.
“The bill enjoys broad support within the industry and we believe it will solve a number of regulatory problems by establishing federal standards for state regulation, yet will retain state regulation which avoided many of the problems seen in the recent crisis,” said NAPSLO Executive Director Richard Bouhan.
Senators Evan Bayh (D-IN) and Mel Martinez (R-FL), members of the Senate Committee on Banking, Housing and Urban Affairs, announced today that they will introduce a version of the Nonadmitted and Reinsurance Reform Act (NRRA) of 2009.
"We are thrilled to have garnered the leadership of Senator Bayh, a senior Democratic member of the Senate Banking Committee, to help lead the effort on surplus lines reform this year along with the continued excellent leadership of Senator Martinez," said Maria Berthoud of B&D Consulting, who represents NAPSLO in Washington, D.C.
"The new leadership of Senator Bayh shows the momentum the NRRA has this year. With the leadership of Senators Bayh and Martinez, we are optimistic about the bill's chances for passage." said NAPSLO President John Wood. “This bill was approved unanimously by the House of Representatives the past two sessions and the early introduction in the Senate offers encouragement that the bill will be approved by the 111th Congress and signed into law.”
The Nonadmitted and Reinsurance Reform Act (NRRA) measure is aimed specifically at streamlining and reducing barriers in state regulation of surplus lines insurance and reinsurance. It would create a uniform system, while preserving the role of the state regulator.
In February, Rep. Dennis Moore (D-KS) and Rep. Scott Garrett (R-NJ) of the House Committee on Financial Services announced that they would take the lead in introducing the NRRA in the House. The NRRA is similar to bills passed by the House in the 109th and 110th Congress. The NRRA was also introduced in the Senate in the 110th Congress and the Senate Banking Committee reviewed the bill during hearings on insurance regulation in late July of 2008. The bill received a favorable hearing however legislation regarding the financial crisis prevented further consideration of the bill by the Senate in 2008.
NAPSLO officials said they hope to see the bill introduced soon and believe there is continued strong industry support for the bill, as was stated during the Senate Banking Committee hearings in 2008.
“The bill enjoys broad support within the industry and we believe it will solve a number of regulatory problems by establishing federal standards for state regulation, yet will retain state regulation which avoided many of the problems seen in the recent crisis,” said NAPSLO Executive Director Richard Bouhan.
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