Ted Nickel elected NAIC president

In this 2015 National Association of Insurance Commissioners video, Ted Nickel served as the moderator of a panel discussion on strategies for supervising financial services conglomerates. (Photo: Screen capture)
In this 2015 National Association of Insurance Commissioners video, Ted Nickel served as the moderator of a panel discussion on strategies for supervising financial services conglomerates. (Photo: Screen capture)

Members of the National Association of Insurance Commissioners today elected Ted Nickel, the Wisconsin insurance commissioner, to be the group’s president for 2017.

NAIC members also elected Julie Mix McPeak of Tennessee president-elect, Eric Cioppa of Maine vice president and David Mattax of Texas secretary-treasurer.

All four of the 2017 NAIC officers were appointed to their posts by Republican governors.

Related: Michael Consedine named CEO of NAIC

Currently, John Huff of Missouri, who was named to his post by a Democratic governor, is NAIC’s president, Nickel is the current president-elect, McPeak is the vice president and Cioppa is the secretary-treasurer.

NAIC members chose their new officers today at a meeting in Miami Beach, Florida.

The Kansas City, Missouri-based group helps state insurance regulators discuss financial services regulation issues and develop laws, regulations and operating procedures.

Nickel, the group’s in-coming president, attracted national media attention this summer. The Obama administration proposed automatically shifting Affordable Care Act exchange plan enrollees who lost their coverage because of carrier exits into similar plans from other carriers. Nickel argued that the automatic shift violated many states’ laws and regulations. The administration went ahead with shifting enrollees into new plans automatically, but it included provisions that are supposed to accommodate state laws and regulations that prohibit automatic shifts.

Related: 5 things Wisconsin told HealthCare.gov’s boss

Nickel has also been visible in international insurance regulation efforts. In May 2015, he moderated a NAIC forum featuring insurance regulators from around the world. The regulators talked about efforts to supervise financial services companies that consist of two or more separate legal entities.

Nickel has a bachelor’s degree in business from Valparaiso University. He worked for about 18 years in governmental and regulatory affairs at Merrill, Wisconsin-based Church Mutual Insurance Co.

Related:

NAIC opposes federal short-term health limit

NAIC’s new leader welcomes major issues, won’t look back

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