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NAIC CEO Might Move Office to Washington

Catherine Weatherford, executive vice president and chief executive officer of the NAIC, is contemplating moving to Washington, D.C. In a memo to NAIC staff, Weatherford...
June 10, 2008

Catherine Weatherford, executive vice president and chief executive officer of the NAIC, is contemplating moving to Washington, D.C. In a memo to NAIC staff, Weatherford writes that she is considering the move because "having a stronger presence in Washington, D.C., will enhance the NAIC's availability and access to consumer organizations, the U.S. Congress and industry trade associations." Weatherford wrote that the proposed move "would otherwise have little impact on our operations in Kansas City."

An amendment to Rep. Paul Kanjorski's bill (H.R. 5840), the Insurance Information Act of 2008, added provisions allowing the Office of Insurance Information that would be created under the bill to contract with the NAIC to provide the data it collects on balance sheet and market conduct activities of the insurance industry. Kanjorski has scheduled a hearing on H.R. 5840 June 10.