Filed Under:Carrier Innovations, Regulation/Legislation

Ex-Senator Nelson Named NAIC CEO

Updated: 2:30 p.m. EST

New NAIC CEO former Nebraska Senator Ben Nelson
New NAIC CEO former Nebraska Senator Ben Nelson

Former Nebraska Sen. Ben Nelson has been named CEO of the National Association of Insurance (NAIC), the organization announced today in a news release.

The move was widely anticipated and welcomed by many in the industry. Nelson has reportedly already met with top lobbyists and Washington insurance officials like Federal Insurance Office Director Michael McRaith to smooth the way.  

Nelson, who voted for the PPACA, upset many of his more conservative colleagues and constituents in Nebraska for the controversial vote. 

Prior to retiring from the Senate in 2012 after two terms, Nelson served as governor of Nebraska from 1990-1998. He also served as executive vice president and chief of staff for the NAIC from 1982 to 1985. He served as director of the Nebraska Department of Insurance in 1975. From 1977 to 1982 he was executive vice president and later president and EO of the Central National Insurance Group.

He previously served as interim CEO between Cathy Weatherford's tenure and Vaughan's assumption for the post. 

The salary of the CEO is no longer disclosed. However, in January 2008, the NAIC released pay information for top executives that stated Weatherford's salary at $370,000.

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