FOR IMMEDIATE RELEASE
BEN NELSON NAMED NAIC CEO
Former Senator Brings Executive, Legislative and Regulatory
Experience to Role
WASHINGTON, D.C. (Jan. 22, 2013) - Former Nebraska
Senator Ben Nelson has been named Chief Executive Officer (CEO) of the
National Association of Insurance Commissioners (NAIC).
Nelson will lead the NAIC's efforts to meet the needs of its members and
represent their interests as the primary advocate and chief spokesperson in
Washington, D.C. His responsibilities will include outreach to federal and
international governmental entities, as well as state government
associations, consumers and insurance industry representatives.
"Senator Nelson's impressive credentials and deep knowledge of state
insurance regulation are simply unmatched," said Jim Donelon,
NAIC President and Louisiana Insurance Commissioner. "His rare and
valuable combination of experience in insurance and government will be a
tremendous asset to our organization. In addition to skillfully navigating
the political arena, the stalwart leadership and collaborative nature that
marked his time in public service will be integral to elevating our efforts
on Capitol Hill. Moreover, as a former regulator and Executive Vice
President of the NAIC, Senator Nelson has a keen understanding of the insurance
marketplace, which will make him an effective advocate for the preservation
of our state-based system of regulation."
"I am honored to serve as CEO during such an important and exciting time in
the regulatory community," said Nelson. "After years in government, this is
a homecoming for me. It is also an opportunity to advance the work of the
NAIC to safeguard the insurance sector through the promotion of our
outstanding regulatory framework. In my new role, I look forward to
continuing our relationship with the Federal Insurance Office as well as
working with state regulators on matters affecting the economy and
Prior to retiring from the Senate in 2012 after two terms, Nelson served as
Governor of Nebraska from 1990-1998. He also served as Executive Vice
President and Chief of Staff for the NAIC (1982-1985); Director of the
Nebraska Department of Insurance (1975-1976); and Executive Vice President
and then President/CEO of the Central National Insurance Group (1977-1981).
Nelson earned a Juris Doctorate, as well as undergraduate and graduate
degrees in philosophy, from the University of Nebraska.
Nelson replaces NAIC Acting CEO Andrew Beal, who stepped into the role
after former CEO Dr. Therese M. Vaughan left the association in November.
Beal now returns to his roles as Chief Operating Officer and Chief
Ben Nelson discusses issues facing the NAIC
About the NAIC
The National Association of Insurance Commissioners (NAIC) is the U.S.
standard-setting and regulatory support organization created and governed
by the chief insurance regulators from the 50 states, the District of
Columbia and five U.S. territories. Through the NAIC, state insurance
regulators establish standards and best practices, conduct peer review, and
coordinate their regulatory oversight. NAIC staff supports these efforts
and represents the collective views of state regulators domestically and
internationally. NAIC members, together with the central resources of the
NAIC, form the national system of state-based insurance regulation in the
U.S. For more information, visit www.naic.org.