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04 August 2014
Washington DC
Reporter Tammy Facey

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NAIC releases 2013 vol 2 of resources report

The National Association of Insurance Commissioners (NAIC) has released its second volume of the 27th edition of the Insurance Department Resources Report, for state insurance departments benefit.

The report found that California reported the largest 2013 premium, which is $111.6 billion greater than New York, the second largest 2013 premium.

Total premium for US states collected, increased by 1.1 percent.

The report helps insurance departments assess their resources in comparison to other states.

It is organised into two sections of budget and funding and examination and oversight and includes admitted premium by state, by line of business, excess and surplus lines premium and statistics including budget as a percent of revenues.

The first volume was released in June 2014 and included data on staffing, budgeting and examination information.

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