This client update highlights some of the developments occurring at the National Association of Insurance Commissioners’ 2010 Fall National Meeting held from October 16 to 21, 2010, in Orlando, Florida. The topics covered include: (1) the NAIC’s solvency modernization initiative; (2) the modernization of reinsurance regulation; (3) the group-wide supervision of insurance holding company systems; (4) revisions to the NAIC Insurance Holding Company System Regulatory Act and the Insurance Holding Company System Model Regulation; (5) the International Association of Insurance Supervisors’ common framework for the supervision of internationally active insurance groups; (6) the corporate governance of insurers; (7) the disclosure of executive compensation information; (8) the valuation of commercial mortgage-backed securities; (9) risk-based capital calculations for life insurers; (10) principle-based reserving and capital standards for life insurers; (11) the calculation of medical loss ratios; (12) retained asset accounts; (13) stranger-originated annuity transactions; (14) annuity disclosure regulations; (15) perspectives on national catastrophe insurance programs and (16) climate change.