In a landmark decision, the National Association of Insurance Commissioners (NAIC) has announced Oklahoma City as the host for its 2029 Spring National Meeting. This event marks the first time in the NAIC’s 154-year history that a national meeting will be held in Oklahoma.
The selection follows a compelling presentation by Oklahoma Insurance Commissioner Glen Mulready and First Deputy Commissioner Brian Downs during the annual Commissioner’s Roundtable meeting.
A Historic Achievement for Oklahoma
Oklahoma City emerged victorious over other strong contenders, including the Dallas/Fort Worth metroplex, Hollywood, Florida, and Kansas City, Missouri.
Commissioner Mulready expressed his enthusiasm, stating, “I am excited for colleagues and industry professionals from around the country to experience our capital city and witness the values of service, honor, and kindness that make up the Oklahoma Standard.”
He also highlighted the significance of this event for the Oklahoma Insurance Department staff, noting it will be a memorable occasion for those dedicated to protecting and serving Oklahoma consumers daily.
About the NAIC
The NAIC serves as the standard-setting organization for the U.S. insurance industry, governed by chief insurance regulators from all 50 states, the District of Columbia, and five U.S. territories.
Its mission is to provide expertise, data, and analysis to help insurance commissioners effectively regulate the industry and safeguard consumers.
Economic Impact on Oklahoma City
The 2029 Spring National Meeting is expected to draw approximately 2,000 attendees from across the United States and several other countries.
Scheduled to take place at the Oklahoma City Convention Center, the influx of visitors is anticipated to significantly boost the local economy.
Attendees will stay an average of four nights in downtown hotels, enjoying the city’s diverse entertainment, dining, and tourism offerings.
Event Details at a Glance
| Event | Details |
|---|---|
| Event Name | NAIC 2029 Spring National Meeting |
| Host City | Oklahoma City, Oklahoma |
| Venue | Oklahoma City Convention Center |
| Dates | To be announced |
| Expected Attendance | Approximately 2,000 participants from the U.S. and international locations |
| Economic Impact | Significant boost anticipated for local businesses, including hotels, restaurants, and tourist attractions due to attendee spending over an average four-night stay |
| Competing Cities | Dallas/Fort Worth, Texas; Hollywood, Florida; Kansas City, Missouri |
| Historical Significance | First time in NAIC’s 154-year history that a national meeting will be held in Oklahoma |
The selection of Oklahoma City as the host for the 2029 NAIC Spring National Meeting underscores the city’s growing prominence in the insurance sector and its commitment to fostering industry collaboration.
This historic event promises to bring significant economic benefits and increased visibility to the region.
FAQs
What is the NAIC?
The National Association of Insurance Commissioners (NAIC) is a U.S. organization comprising chief insurance regulators from all 50 states, the District of Columbia, and five U.S. territories. It establishes standards and provides regulatory support to ensure fair and effective insurance practices.
Why was Oklahoma City chosen as the host city?
Oklahoma City was selected after a successful proposal by Commissioner Glen Mulready and First Deputy Commissioner Brian Downs, highlighting the city’s facilities and commitment to the insurance industry.
How will the meeting impact Oklahoma City’s local economy?
The event is expected to attract around 2,000 attendees, leading to increased business for local hotels, restaurants, and tourist attractions, as visitors will stay an average of four nights.