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Vaughan to Exit Early at NAIC

Dr. Therese M. Vaughan will step down earlier than previously announced from her role as chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Nov. 30...
November 21, 2012

Dr. Therese M. Vaughan will step down earlier than previously announced from her role as chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Nov. 30.

In August, Vaughan announced plans for transitioning out of the position in early 2013, but has since decided to hasten her departure to the end of this month. “I have been privileged to support the regulators and staff of the NAIC for nearly four years, and it is with mixed feelings that I am leaving,” Vaughan said. “Since the August announcement, however, it has become clear that an extended phase-out is unnecessary, and the organization is well-positioned to carry our progress forward.”

“Ms. Vaughan has been a leader in state insurance regulation throughout her 30 years associated so closely with the NAIC,” said PIA National Senior Vice President Patricia A. Borowski. “Terri Vaughan’s invaluable combination of intellect, experience and forward thinking has always been applied to solve the challenges at hand. PIA will continue its support for the NAIC’s efforts to defend our modern state-based system of insurance regulation and we look forward to executive leadership that continues this unwavering commitment.”

While the NAIC is currently searching for a new CEO, it has named Andrew Beal as acting CEO in the interim. Beal has been with the NAIC for 13 years and currently serves as the chief operating officer (COO).

NAIC CEO Vaughan to Exit Early, Beal Named Acting CEO (Insurance Journal 11/16/12)

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