NAIC Summer Meeting Canceled: It's (Not) Always Sunny in Philadelphia

By James Veach i

[Editor's note: Mr. Veach is a partner at Mound Cotton & Wollan in New York. For the past 15 years, he has concentrated his practice on insurance and reinsurance regulation and arbitration, as well as insolvency-related matters affecting primary carriers and their reinsurers. In addition, he is a certified ARIAS-U.S. arbitrator.]

On August 25th, as Hurricane Irene headed towards Philadelphia, National Association of Insurance Commissioners (NAIC) President Susan Voss announced the cancellation of the NAIC's Summer Meeting. President Voss, who also serves as Iowa Insurance Commissioner, gave two reasons for the cancellation. First, Irene posed …