Florida Insurance Commissioner David Altmaier has been elected by members of the National Association of Insurance Commissioners (NAIC) to serve as vice president of the organization, effective immediately.
Altmaier joins other 2019 NAIC officers including: NAIC President and Maine Insurance Superintendent Eric A. Cioppa, NAIC President-Elect and South Carolina Director of Insurance Raymond G. Farmer, and Secretary-Treasurer and Idaho Insurance Commissioner Dean L. Cameron.
“It is my distinct honor and privilege to join such a distinguished group of individuals as an officer of the NAIC,” Altmaier said. “Florida plays a significant role in the national and international insurance community and has paved the way for innovative, consumer-oriented regulatory approaches. I plan to help thoughtfully guide the NAIC through the challenges of globalization and technological innovation while promoting state-based regulation and the same consumer-oriented principles that will continue to serve as Florida’s regulatory framework.”
Altmaier was appointed as Florida’s Insurance Commissioner in 2016 and leads a 292-member team at the Florida Office of Insurance Regulation (OIR), overseeing a complex insurance marketplace in a state with one of the highest catastrophe exposures for hurricanes.
In addition to Altmaier’s new role, he will remain in his capacity as Florida’s Insurance Commissioner.
The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories.
Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S.
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