New York regulator Michael Moriarty was honored with the 2005 Robert Dineen Award by the National Association of Insurance Commissioners at this week's NAIC winter meeting.
Mr. Moriarty, director of the insurance department's Capital Markets Bureau, was cited for his leading role in the reform of the NAIC Securities Valuation Office.
The announcement of the award noted that he had also played a key role in developing the NAIC response to the questions surrounding the use of finite reinsurance.
Outgoing NAIC president Diane Koken said that Mr. Moriarity's efforts have led to increased consumer protection and financial solvency in the industry.
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