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Elections Could Mean Many New State Insurance Commissioners

In Tuesday's elections, 37 governorships are on the line. Because of term limits and decisions not to run, about half of the country's governors will...
November 2, 2010

In Tuesday's elections, 37 governorships are on the line. Because of term limits and decisions not to run, about half of the country's governors will be new. The election results could mean a great number of state insurance regulatory offices will soon be occupied by new commissioners, the majority of whom are appointed by the governor.

That possibility was top-of-mind during the just-completed fall meeting of the National Association of Insurance Commissioners (NAIC). The NAIC was faced with a dilemma: proceed with its own leadership elections, or wait until after the nation's November 2 mid-terms, to see who among them would remain as commissioners. In the end, the NAIC decided to proceed with their elections.

Iowa Insurance Commissioner Susan E. Voss was elected President; Florida Insurance Commissioner Kevin M. McCarty was elected President-elect; Oklahoma Insurance Commissioner Kim Holland was elected Vice President; Louisiana Insurance Commissioner James J. Donelon was elected Secretary-Treasurer; and West Virginia Commissioner Jane L. Cline becomes Immediate Past President.

Mila Kofman, Maine's insurance superintendent said she expects an influx of new faces. "One of the NAIC's strengths is handling transitions," she said. "Change is hard, but it's also good."