Oregon Insurance Commissioner Lou Savage says he is leaving his post for an opportunity in Tunisia.
Savage will work with the American Bar Association's Rule of Law Initiative in the Tunis area.
According a statement from the state Department of Consumer and Business Services, Laura Cali is stepping into the role as insurance commissioner on July 15.
Currently the division's chief actuary and manager of product regulation, Cali is to be become the youngest insurance commissioner in the country.
Cali was hired in 2011 as a casualty actuary specializing in workers' compensation and medical malpractice. Prior to her hire, Cali was with Towers Watson in San Francisco after starting her career at Liberty Mutual building rating models for its workers' compensation and general liability lines.
“Laura Cali is exceptionally qualified to be insurance commissioner,” says Patrick Allen, director of the DCBS, in a statement. “Laura has been at the forefront of path-breaking regulatory work and is doing an outstanding job with the rate review amidst the biggest challenges to health insurance in nearly half a century.”
Before his departure, Savage says he wants to complete rate reviews of recent filings for small employer and individual health plans scheduled to take effect in 2014.
Savage's wife, Cheryl Seagren, will be joining him in Tunisia as a counselor at the American Cooperative's School of Tunis.
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