Therese Vaughan, the former Iowa insurance commissioner named chief executive officer of the National Association of Insurance Commissioners, said the organization will focus on educating federal lawmakers about insurance.
Ms. Vaughan held a telephone news conference yesterday after her appointment was announced at which NAIC said the Kansas City, Mo.-based group will now call Washington its headquarters and Ms. Vaughan detailed plans for the organization's beefed-up Washington presence.
One of her functions, according to Ms. Vaughan, will be to establish an NAIC Office of Insurance Information. Ms. Vaughan said that while she can understand concerns over how it could be a first step to establishing a federal regulator, “we need someone in federal government who is conversant on insurance.”
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