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Illinois State Sen. Ann Gillespie has resign her state senate seat to take over as acting director of the Illinois Department of Insurance starting April 15, replacing Dana Popish Severinghaus. Gillespie has served in the General Assembly since 2019, representing a portion of Chicago’ northwest suburbs. She served on the Senate Insurance Committee and last year sponsored legislation to establish…
Nick Stosic has been named as Interim Commissioner at the Nevada Division of Insurance, replacing Barbara Richardson, who has been Nevada’s Insurance Commissioner since March 2016. Stosic most recently served as Nevada’s Deputy Insurance Commissioner responsible for oversight of the Product Compliance, Market Regulation, and Captives sections, while also acting as the liaison with Nevada’s insurance agents and brokers. Prior…
South Carolina Gov. Henry McMaster has nominated Michael Wise as director of the South Carolina Department of Insurance, subject to confirmation by the state Senate. Wise has served as acting director of the department since April 2022. McMaster praised Wise’s leadership in the department’s handling of Hurricane Ian claims, insurance fraud, and consumer outreach. The appointment is subject to confirmation…
Scott Kipper has once again been appointed as Insurance Commissioner at the Nevada Division of Insurance effective Feb. 27, 2023. The appointment was made following the resignation early January of Barbara Richardson, who had served as Commissioner since March 2016. DOI Deputy Commissioner Nick Stosic has served as the Interim Commissioner since the resignation of Commissioner Richardson. Nick Stosic…
Michael Yaworsky is taking over as commissioner of Florida’s Office of Insurance Regulation after being appointed by Florida Gov. Ron DeSantis as interim insurance commissioner, replacing Commissioner David Altmaier who stepped down in December. Yaworsky, was Altmaier’s chief of staff from 2017 to December 2021, at which time he became the vice chair of the Florida Gaming Control Commission. He…
Shane Foster has been named the Acting Director of the AZ Department of Insurance and Financial Institutions, following the resignation of Director Evan Daniels. Director Daniels is joining the law firm of Mitchell Sandler. Acting Director Shane Foster joined the Arizona Department of Insurance and Financial Institutions (“DIFI”) in November 2020. Before joining DIFI, he served as Senior Litigation Counsel…
Mark Fowler, who has been serving a as Alabama’s Acting Insurance Commissioner since the retirement of Commissioner Jim Ridling in July of 2022, has been appointed as Insurance Commissioner by Governor Ivey. Fowler was Chief of Staff of the Department of Insurance prior to being appointed Acting Insurance Commissioner. Fowler joined the department in 2013, serving in the roles of…
The landmark legislation for the Florida property insurance market that passed the Florida Senate on December 12, 2022, is most likely the final major accomplishment for Florida Insurance Commissioner David Altmaier who submitted his resignation on December 15 (effective December 28, 2022). Commissioner Altmaier has served as commissioner since 2016 and was the National Association of Insurance Commissioners’ 2021 President.…
Major legislation was passed by the Florida House of Representatives and Senate (SB 2-A) to revamp the Florida property insurance system. The new law creates a $1 billion reinsurance fund to provide critical support for carriers, many of whom have suffered in the violent storm seasons the past two years. The session comes after Hurricane Ian smashed into the southwest…
November 8, 2022 midterm election results for the incumbent Insurance Commissioners: CALIFORNIA Insurance Commissioner Ricardo Lara won in the 2022 midterm election with 58% of the vote. GEORGIA Insurance Commissioner John King won in the 2022 midterm election with 54.1% of the vote. KANSAS Insurance Commissioner Vicki Schmidt won in the 2022 midterm election with 63.4% of the vote. OKLAHOMA…