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Ben Nelson to the Rescue

New head of NAIC supports state insurance regulation

By Ted Besesparis | Updated on February 28, 2013
Our state-based system of insurance regulation received a shot in the arm in January when former Sen. Ben Nelson (D-Neb.) was appointed as the new chief executive officer of the National Assn. of Insurance Commissioners (NAIC). Nelson is a strong supporter of state insurance regulation.

“His extensive experience is uniquely suited to make him an effective advocate for the preservation of state regulation of insurance,” said PIA National Executive Vice President and CEO Ron Von Haden. “PIA looks forward to continuing the close working relationship it has maintained with Ben throughout his decades of service.”

Related: Read another article by Ted Besesparis “More Gridlock Ahead?”

Like the cavalry riding to the rescue, Nelson served his new job for only 24 hours before he held a press conference and declared that there is “no need for dual regulation” of insurance. You could almost hear a collective national sigh of relief emanating from the supporters of state insurance regulation.

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