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The Albuquerque Journal reported that state Superintendent John Franchini has withdrawn his application to serve a third four-year term and instead plans to retire.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 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Mexico
Was this article valuable?
Here are more articles you may enjoy.
What Progressive and GEICO Q3 Results Reveal About Auto Insurance Profit, Growth 
Jamaica Catastrophe Bond Headed for Full Payout After Hurricane, World Bank Says 
Onex CEO Sees Potential for More Insurance Deals After AIG Win 
Allstate More Than Triples Q3 Net Income to $3.7 Billion 
