Louisiana Insurance Department Chief Actuary Honored by NAIC

Louisiana Department of Insurance Chief Actuary Rich Piazza has been awarded the Robert Dineen Award for Outstanding Service and Contribution to the State Regulation of Insurance by the National Association of Insurance Commissioners (NAIC).

The award honors a staff member of an insurance department who has made a significant contribution to state regulation of insurance while exhibiting an attitude and performing activities fostering the advancement of the insurance regulatory profession.

“While Rich certainly meets any objective requirements for the Robert Dineen Award, he has a unique skill set that one rarely comes across and has set a high bar for talent and professionalism,” said Insurance Commissioner Jim Donelon. “He served as our chief actuary through recovery from the worst natural disaster in U.S. history, guiding Louisiana and the Gulf Coast through uncharted territory. His acumen and insight helped Louisiana’s property insurance market not only recover but expand.”

Piazza is the first Louisiana regulator to receive this prestigious honor.

He started working at the Louisiana Department of Insurance (LDI) in 1992 and is responsible for actuarial analysis for all lines of insurance. Over the course of his career with the LDI he has presented actuarial data and analysis to the general public, the Louisiana Legislature and industry groups. He has also contributed to the work of the NAIC through various committees, task forces and subgroups and added value to NAIC statistical products.

Source: Louisiana Department of Insurance