New Mexico’s top insurance regulator is stepping down.
The Albuquerque Journal reported that state Superintendent John Franchini has withdrawn his application to serve a third four-year term and instead plans to retire. His term ends Dec. 31.
A nine-member state nominating committee has already begun screening applicants for the position. There are eight remaining candidates.
Franchini worked in the insurance industry for 35 years before becoming superintendent in 2010.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Where Have all the Atlantic Hurricanes Gone? 
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California 
US Data Centers Set to Burn More Natural Gas Than Most Nations 
Aon Raises $13.5 Billion From Bond Sale to Fund USI Takeover 
