Ben Nelson, the former Nebraska senator and governor who spent most of his career in insurance regulation and management, on Tuesday was named chief executive of the National Association of Insurance Commissioners.
Nelson is a former chief of staff for the NAIC, which helps establish and coordinate regulations at the state level. The organization has been searching for a permanent CEO since last November, when Therese Vaughan resigned.
Nelson recently left the U.S. Senate after two terms, which was preceded by two terms as Nebraska's governor. He served as the state's top insurance regulator in the mid-1970s and later ran an insurance company before joining the NAIC in the early 1980s.
"In my new role, I look forward to continuing our relationship with the Federal Insurance Office as well as working with state regulators on matters affecting the economy and consumers," Nelson said in a statement.
The Federal Insurance Office, created by the Dodd-Frank financial
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