The November elections caused some reshuffling in leadership at the National Association of Insurance Commissioners (NAIC). The group held a special interim election last week via conference call to fill vacancies created when Oklahoma Insurance Commissioner Kim Holland lost her bid for re-election in the Sooner state. She had been elected NAIC’s vice president during the group’s October meeting in Orlando.
Replacing her at that NAIC leadership post is Louisiana Insurance Commissioner James J. Donelon. Donelon had been named NAIC secretary-treasurer in October. Assuming that role now is Illinois Insurance Director Michael T. McRaith.
Also during the October meeting, Iowa Insurance Commissioner Susan Voss was elected president of the group; Florida Insurance Commissioner Kevin McCarty was named president-elect. All newly elected officers will assume their duties on Jan. 1, 2011.
The greatest year-on-year growth was experienced by Bermuda’s commercial reinsurance sector.
The outcome could dramatically impact the U.S. construction market and professional liability insurance carriers.
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