Former Nebraska Sen. Ben Nelson has been named CEO of the National Association of Insurance (NAIC), the organization announced today in a news release.
The move was widely anticipated and welcomed by many in the industry. Nelson has reportedly already met with top lobbyists and Washington insurance officials like Federal Insurance Office Director Michael McRaith to smooth the way.
"I am honored to serve as CEO during such an important and exciting time in the regulatory community," Nelson says in a statement. "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 consumers."
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