Therese M. (Terri) Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009. Vaughan replaces Catherine J. Weatherford, who left the NAIC in July 2008. Andrew Beal, who served as interim executive vice president and CEO, has been promoted to chief operations officer and will continue to serve as the NAIC's chief legal officer.

Prior to joining the NAIC, Vaughan was the Robb B. Kelley Distinguished Professor of Insurance and Actuarial Science at Drake University since January 2005. Prior to that, she was Iowa Insurance Commissioner for 10 years and was the longest-serving commissioner in Iowa history. She completed a term as president of NAIC in 2002.

Vaughan earned a Ph.D. in risk and insurance from The Wharton School at the University of Pennsylvania and a bachelor's degree in insurance and economics from the University of Iowa. She is a CPCU, an associate of the Society of Actuaries, an associate of the Casualty Actuarial Society and a member of the American Academy of Actuaries. She is the co-author of the textbooks "Essentials of Insurance" and "Fundamentals of Risk and Insurance."

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