Wisconsin Insurance Commissioner Ted Nickel News

Flooding Leads to State of Emergency Declaration for NW Wisconsin

A state of emergency has been declared for counties in Northwest Wisconsin impacted by widespread flooding. Gov. Scott Walker declared the emergency state for Ashland, Bayfield, Burnett, Douglas, and Iron counties, where severe thunderstorms produced torrential rain, damaging wind, and …

Wisconsin Orders Agent to Repay More than $1M; License Revoked

A Wisconsin insurance agent has been ordered to repay more than $1 million after state regulators found she engaged in multiple unfair trade practices involving an elderly consumer. Wisconsin Office of the Commissioner of Insurance (OCI) reported that Blanche Berenzweig …

NAIC Leader Says Insurer Systemic Risk Process Is Unnecessary

Although the Financial Stability Oversight Council created by the Dodd–Frank Wall Street Reform Act could serve an incredibly useful purpose, FSOC’s activities so far have been misguided, an insurance regulator said last week. Ted Nickel, president of the National Association …

Wisconsin Commissioner Elected President of NAIC for 2017

Wisconsin Insurance Commissioner Ted Nickel has been elected as president of the National Association of Insurance Commissioners (NAIC). Created in 1871, the NAIC establishes standards and conducts peer reviews for insurance regulatory agencies across the nation. In addition to Nickel, …

Wisconsin Commissioner Approved for IAIS Leadership Role

Wisconsin Insurance Commissioner Ted Nickel was approved as a member of the Executive Committee of the International Association of Insurance Supervisors (IAIS). Tennessee Insurance Commissioner Julie Mix McPeak was elected vice-chair of the Executive Committee. Texas Insurance Commissioner David Mattax …

Missouri Insurance Director Huff Elected NAIC President

Members of the National Association of Insurance Commissioners (NAIC) have elected 2016 officers who will will assume their duties on Jan. 1, 2016. President: Missouri Insurance Director John M. Huff President-Elect: Kentucky Insurance Commissioner Sharon P. Clark Vice President: Wisconsin …

NAIC: Wisconsin 29th State to Join State Based Systems

The National Association of Insurance Commissioners (NAIC) reported that Wisconsin is the 29th state to license State Based Systems (SBS), an electronic-filing tool created for NAIC members to increase efficiency in regulatory functions. “We believe our transition to SBS will …