PHOENIX, Arizona., March 16, 2024 /PRNewswire/ — The National Association of Insurance Commissioners (NAIC) today announced the appointment of an insurance veteran and current Massachusetts Insurance Commissioner. Gary D. Anderson as General Director of the organization. Anderson will begin leading the 153-year-old insurance standards-setting organization governed by the top insurance regulators of all 50 states, the D.C.and five US territories May 1after completing his service as Massachusetts Insurance Commissioner.
“Selecting the next CEO of the NAIC has been arduous but rewarding,” said the NAIC president and Connecticut insurance commissioner. Andrew More. “We were looking for the best option and we found it in Gary Anderson. Gary's dedication to our state insurance regulatory system and his insurance experience are top-notch. “We look forward to his leadership as we navigate the complexities of regulating the insurance sector and fulfill our mission to protect consumers.”
“I have been fortunate to serve Massachusetts Insurance purchasing public under three governors: Gov. Deval PatrickGovernor. charlie bakerand now the governor. Maura Healy“,” Anderson said.. “Throughout my career in public service, I have been rewarded with valuable experiences, new and lasting connections, and opportunities to contribute to the greater good. I am excited to embark on the next adventure as executive director of the NAIC, supporting the state organization “Insurance regulation system. Thank you to the members of the NAIC for the trust and faith you have placed in me.”
In 2017, Anderson was appointed Insurance Commissioner by Massachusetts Governor Baker. Anderson's insurance experience began in 1999 with a regional insurer in the northwest U.S. He served as a policy advisor and senior attorney in the Massachusetts State Senate President's Office, where he was involved in several policy areas. , from the state's extensive efforts to control health care costs to all issues affecting the financial services sector. Anderson joined the Massachusetts Division of Insurance as First Deputy Commissioner in February 2014. His responsibilities included strategic planning and policy development for all aspects of the agency.
Currently, Anderson is the Secretary of the Northeast Zone and serves on the Financial Regulatory Standards and Accreditation Committee (F), Financial Condition Committee (E), and the Audit Committee. Additionally, he has chaired the NAIC Insurance International Relations (G) Committee since 2019. He also serves on the Executive Committee of the International Association of Insurance Supervisors (IAIS) as Vice President and on the Policy Development Committee (PDC) of the IAIS, which he chaired. from 2020 to 2022.
In December 2022Anderson was honored with the Raymond G. Farmer NAIC Outstanding Leadership Award.
Anderson earned a Juris Doctor (JD) from Union University Albany Law School (Albany, New York) and a bachelor's degree in history Idaho State University.
Andy BealNAIC's chief operating officer and chief legal officer, has served as the organization's interim chief executive officer since March 2023.
About the National Association of Insurance Commissioners
As part of our state insurance regulation system in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data and analysis to insurance commissioners to effectively regulate the industry and protect consumers. The American standards organization is governed by the chief insurance regulators of the 50 states, the D.C. and five US territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators nationally and internationally.
SOURCE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS
