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Retirement Planning > Retirement Investing

Illinois Regulator Announces Retirement

By Jim Connolly

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NU Online News Service, Dec. 9, 10:45 a.m. — San Diego

Larry Gorski, the prominent chief actuary of the Illinois Insurance Department, says he will retire from the department Dec. 31.

Gorski participated here recently in his last meeting of the National Association of Insurance Commissioners, Kansas City, Mo.

Gorski has been with the Illinois department for almost 30 years and has been attending NAIC meetings for 25 years. He has received the Robert Dineen award, an award that the NAIC gives each year to outstanding regulators, and he is active in the American Academy of Actuaries, Washington.

At the winter meeting, Gorski received a round of applause from both regulators and insurers.

Michael Batte, a life actuary with the New Mexico Insurance Department, praised Gorski for the “leadership and professionalism provided over the years.”

Batte noted Gorski’s recent efforts to help develop a Commissioners Standard Ordinary Table.

“We appreciate his probing questions and the way he looked at projects for reasonable answers,” Batte said.

Batte also talked about Gorski’s willingness to take on a long-term care reserving project. Gorski said he hopes new actuarial ideas will be used as the project develops.

About his tenure at the NAIC Gorski joked, “I hope there isn’t reincarnation.”

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