State Insurance Commissioners Honor N.Y.’s Moriarty with Top Award

December 5, 2005

The National Association of Insurance Commissioners (NAIC) today presented Michael J. Moriarty, director of financial solvency strategy with the New York State Insurance Department, with the Robert Dineen Award, the organization’s most prestigious individual award. The award was presented at the association’s winter national meeting in Chicago.

Moriarty serves as the chair of the Valuation of Securities Task Force and has guided the Securities Valuation Office through major transformation. Additionally, he has acted as a lead regulator in responding to concerns surrounding the industry’s use of finite reinsurance.

“Michael J. Moriarty’s service, foresight and willingness to lead make him a distinguished state regulator. Mike is especially deserving of this recognition because of his outstanding work and leadership on the NAIC risk assessment initiative,” NAIC President and Pennsylvania Insurance Commissioner Diane Koken said. “His contributions to the betterment of state insurance regulation have certainly benefited consumer protection, financial solvency and other important services of insurance regulation.”

Named in honor of the founder of the NAIC’s Support and Services Office, the Robert Dineen Award is the highest individual honor given by the NAIC. Established in 1989, the award is awarded to an individual in recognition of outstanding achievement as a career regulator.

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