The Tennessee Department of Commerce & Insurance has named Michael Shulz to be director of business development for the insurance division, promoting the growth of Tennessee-based captive insurance companies.
Tennessee already ranks 10th in the world for the number of captives, with more than 500, which have gross written premiums of more than $2 billion, the department said in a news release. Shulz will work to expand the use of captives as a tool for companies to manage risk and self-insure aspects of their business.
Shulz, who has served as director of six regulatory programs in TDCI’s Division of Regulatory Boards, will succeed Joshua Clark, who is returning to the private sector, the department said. Shulz has been with the department since 2020. He spent more than a decade with former U.S. Sen. Lamar Alexander, as assistant press secretary, legislative correspondent and field representative.
Was this article valuable?
Here are more articles you may enjoy.
Harbor Emerges From Stealth with $10M Funding to Handle AI-Agent Risk 
NYC Restaurants Shut Off Air Conditioning, Close on Sundays as Costs Surge 
Friend of Suspected FBI Data Thief: ‘Crazy’ Teen Warned Not to Hack Bureau 
Hordes of Teens on E-Bikes Force Suburbs to Rewrite Road Rules 
