Filed Under:Your Practice, Regulatory

State insurance budgets tick up

About half of U.S. jurisdictions reported increased 2014 budget amounts

Calif. Gov. Jerry Brown showing increases in funding in his proposed 2013-14 state budget (AP Photo/Rich Pedroncelli, file)
Calif. Gov. Jerry Brown showing increases in funding in his proposed 2013-14 state budget (AP Photo/Rich Pedroncelli, file)

State insurance departments are showing overall growth in budget levels over the past few years, with some significant highs and lows, according to the just-released National Association of Insurance Commissioners (NAIC) statistical report.

Overall, state budget levels for fiscal year 2014 are expected to rise by 0.04 percent from 2013 amounts, and to increase by 4.8 percent from 2010 amounts, according to the study, Insurance Department Resources Report 2012, Volume 2. 

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Nichole Morford

Nichole Morford
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