Louisiana’s Donelon Elected Chair of NAIC Southeast Zone

Louisiana Insurance Commissioner Jim Donelon was selected to chair the National Association of Insurance Commissioners (NAIC) Southeast Zone during the organization’s Fall National Meeting.

Prior to his election as chair, Commissioner Donelon had served as secretary of the Southeast Zone. The zone includes regulators from Louisiana, Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, Puerto Rico and the Virgin Islands.

Commissioner Donelon served as president of the NAIC in 2013. He currently serves on its Executive Committee and as chair of the Surplus Lines (C) Task Force, chair of the Receivership and Insolvency (E) Task Force, and as co-vice chair of the Climate and Resiliency (EX) Task Force.

Commissioner Donelon is leading the Southeast Zone delegation on a three-day training session this week to Florida International University in Miami, including a tour of the college’s International Hurricane Research Center Wall of Wind hurricane mitigation research facility.

The gathering, which will be held January 25-27, will focus on several topics including the National Flood Insurance Program’s Risk Rating 2.0, determining the primary damage components of hurricanes, modern building codes and effective communication strategies.

The NAIC assists state insurance regulators in protecting consumers and helping maintain the financial stability of the insurance industry by offering financial, actuarial, legal, computer, research, market conduct and economic expertise.

Source: Louisiana Department of Insurance