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State Regulators, Legislators Rumored for Federal Posts

A number of current and former insurance commissioners and a state lawmaker are reported to be among those under consideration for important regulatory roles in the federal government, including directorship of the Federal Insurance Office...
January 31, 2017

A number of current and former insurance commissioners and a state lawmaker are reported to be among those under consideration for important regulatory roles in the federal government, including directorship of the Federal Insurance Office (FIO).

John Doak, the current Oklahoma insurance commissioner, an elected official, is reported to be a candidate for a Treasury position and may be named as director of a reconfigured FIO. Doak was recently named chair of the NAIC’s Property and Casualty Committee and is its representative to the Organization for Economic Cooperation and Development. Doak has called for an overhaul or elimination of the FIO.

Howard Mills, the former New York Insurance Superintendent, who is now global insurance regulatory leader at Deloitte, is reported to be under consideration for the position of Assistant Treasury Secretary.

Government sources also report that an independent insurance expert may be appointed to the Federal Stability Oversight Council (FSOC). Jason Rapert, the Arkansas state senator who serves as vice president of the National Conference of Insurance Legislators, and who is head of its committee that coordinates with the National Association of Insurance Commissioners (NAIC), is consistently mentioned as a potential candidate for FSOC membership. The term of Roy Woodall, the FSOC’s current independent member with expertise in insurance who has served longer than any of the agency’s voting members, ends September 29 and his term cannot be renewed.