NU Online News Service, Jan. 31, 2:59 p.m. – Nathaniel Shapo, the former director of the Illinois Insurance Department, is not the only official who is leaving the Illinois department.
Fifty-three of the department’s 383 employees have decided to retire. The exodus includes seasoned regulatory veterans.
Arnold Dutcher, the acting insurance director, says the attrition was spread pretty evenly across most of the department. The exception was the financial examination unit, which saw greater attrition.
The financial examination unit will now have one chief examiner for both life and health and property-casualty insurers, Dutcher says.