NAIC Elects New Officers for 2025
Members of the National Association of Insurance Commissioners (NAIC) gathered for a pivotal meeting where they elected their new leadership for the year 2025. This election took place during the NAIC Fall National Meeting, a significant event for industry experts and regulators. The selection of leaders is not just a routine process; it reflects the values and direction the organization intends to pursue in the coming year.
Meet the Newly Elected Officers
The freshly elected officers are set to bring their unique experiences and insights to the forefront of NAIC's operations. The following individuals have been chosen:
- President: North Dakota Insurance Commissioner Jon Godfread. Jon has a track record of committed service, having been first elected to lead the North Dakota Insurance Department and recently re-elected for a third term. His leadership will steer the organization towards addressing pressing insurance regulatory challenges.
- President-Elect: Virginia Insurance Commissioner Scott A. White. Scott was appointed as Commissioner of the Virginia Bureau of Insurance and is known for his proactive approach in ensuring consumer protection and industry innovation.
- Vice President: Rhode Island Department of Business Regulation Director Elizabeth (Beth) Kelleher Dwyer. Elizabeth has made significant contributions to the insurance sector, particularly in regulatory oversight and public policy.
- Secretary-Treasurer: Utah Insurance Department Commissioner Jon Pike. Since his appointment, Jon has implemented various initiatives aimed at enhancing compliance and consumer confidence in the insurance marketplace.
Focus and Responsibilities Ahead
The upcoming officers are poised to assume their roles starting January 1, 2025. They will work together to forge a comprehensive agenda that reflects the changing landscape of the insurance industry and responds to the needs of consumers and industry stakeholders.
Zone Leadership Elections
In addition to the general officers, the NAIC also held elections for zone officers. The organization’s structure is divided into four geographical zones, each with its own leadership:
Northeast Zone
- Chair: Commissioner Michael Humphreys (Pennsylvania)
- Vice Chair: Commissioner Justin Zimmerman (New Jersey)
- Secretary-Treasurer: Commissioner David J. (D.J.) Bettencourt (New Hampshire)
Southeast Zone
- Chair: Commissioner Sharon P. Clark (Kentucky)
- Vice Chair: Commissioner Alan McClain (Arkansas)
- Secretary-Treasurer: Commissioner Tregenza Roach (U.S. Virgin Islands)
Midwest Zone
- Chair: Commissioner Vicki Schmidt (Kansas)
- Vice Chair: Director Eric Dunning (Nebraska)
- Secretary-Treasurer: Director Larry Deiter (South Dakota)
Western Zone
- Chair: Commissioner Andrew Stolfi (Oregon)
- Vice Chair: Commissioner Cassie Brown (Texas)
- Secretary-Treasurer: Director Barbara Richardson (Arizona)
Strategic Goals for 2025
The newly elected officers and zone leaders are expected to focus on enhancing regulatory effectiveness, consumer protections, and the overall integrity of the insurance industry. This vision aligns with the NAIC's mission to support state-based regulation, which plays a critical role in securing a stable insurance environment.
As the insurance landscape evolves, these leaders will work diligently to address emerging risks and challenges, ensuring that the interests of policyholders remain protected. Their collective experiences and diverse backgrounds empower NAIC to navigate the complexities of insurance regulation more effectively.
Frequently Asked Questions
What is the role of the NAIC?
The NAIC is an organization of state insurance regulators that assists in establishing standards and best practices for the regulation of insurance companies.
Who were the newly elected officers for 2025?
The newly elected officers include President Jon Godfread, President-Elect Scott A. White, Vice President Elizabeth Kelleher Dwyer, and Secretary-Treasurer Jon Pike.
When will the new officers assume their roles?
The newly elected officers will begin their duties on January 1, 2025.
How does the NAIC elect its zone officers?
Zone officers are elected annually by the respective zone members, ensuring representation from various geographic areas.
What are the primary goals of the NAIC leadership in 2025?
The primary goals include improving regulatory effectiveness and enhancing consumer protection within the insurance sector.
