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September 01, 2005 at 08:00 PM
The National Association of Insurance Commissioners has canceled its fall quarterly meeting due to the devastating flooding that hit New Orleans.[@@]
The fall meeting had been set to start Sept. 10.
“The first priority for all insurance commissioners is responding to disasters,” says NAIC President Diane Koken. “Our hearts go out to our colleagues who are trying to recover from the devastation of Hurricane Katrina.”
Catherine Weatherford, executive vice president of the NAIC, Kansas City, Mo., says that after surveying members, the organization has agreed to cancel the meeting and work through executive conference calls in the coming weeks.
She says the possibility of holding a smaller meeting in October is under consideration.
Earlier in the week, commissioners looked into the possibility of switching cities, because the NAIC meetings department has well-established relationships with site providers. But the logistics of providing accommodations for 1,500 regulators and industry participants in a period of less than 2 weeks proved to be too daunting.
