Kansas City, Mo - The officers and members of the National Association of Insurance Commissioners (NAIC) have decided to cancel the Fall National Meeting, which was scheduled for September 10-13 in New Orleans. Approximately 1,500 insurance regulators, industry representatives and interested parties had registered to attend the conference.
The NAIC Winter National Meeting is scheduled for December 3-6 in Chicago.
In the wake of the Hurricane Katrina disaster, which devastated New Orleans and caused widespread destruction to the entire Gulf Coast region, the NAIC has made a pledge of $25,000 to the American Red Cross Special Hurricane Fund to assist with recovery efforts.
"The first priority for all insurance commissioners is responding to disasters," said NAIC President Diane Koken. "Our hearts go out to our colleagues who are trying to recover from the devastation of Hurricane Katrina. The NAIC and our members pledge our unified support in helping insurance consumers restore their lives after this unparalleled catastrophe."
"After surveying our members, we agreed to cancel the meeting and continue committee work through conference calls," said Catherine J. Weatherford, NAIC Executive Vice President and CEO. "If necessary, we will consider holding a smaller meeting in October. Because regulators are used to conducting telephone conference calls, we do not expect any interruption of NAIC business.
Insurance regulators are experts at emergency response and our officers and committee chairs are continuing to collaborate on key initiatives."
Information about committee work will be updated regularly on the NAIC Web site at www.naic.org.
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