A day after the National Association of Insurance Commissioners announced former U.S. Sen. Ben Nelson (D-Neb.) will be the organization’s new CEO, several industry groups have commented on the appointment.
David Sampson, president and CEO of the Property Casualty Insurers Association of America (PCI), today said of the selection: “[Nelson’s] experience as an insurance company executive, regulator and governor gives him unique qualities, experience and credibility for this position. He has a deep understanding of the state-based U.S. regulatory system and how successful it has been in serving insurance consumers. As the NAIC faces complex issues of global and national regulatory convergence, his experience and background will be vital in navigating the landscape,” said Sampson. “We look forward to working with him in his new role,” he added.
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