Commissioners Expect Few Y2K Problems
Monday, December 27th, 1999 TechnologyNational Association of Insurance Commissioners (NAIC) Executive Vice President Cathy Weatherford said state regulators expect few problems with insurance companies or state insurance departments with the Year 2000 rollover December 31st. "The NAIC‘s Year 2000 Insurance Industry Preparedness Task Force has made significant progress in implementing the initiatives developed by the task force to gauge Y2K compliance and readiness by the insurance industry,” Weatherford said. “The members of the NAIC‘s Y2K Industry Preparedness Task Force believe there will be little disruption of the insurance industry when the year 2000 begins. We will be collecting information from companies during the first quarter of 2000 to see what types of problems did occur.
