Ernst Csiszar says he has resigned as South Carolina insurance director to become president of the Property Casualty Insurers Association of America, Des Plaines, Ill.[@@]
Csiszar also has resigned from his post as president of the National Association of Insurance Commissioners, Kansas City, Mo.
Csiszar plans to assume his new post in October.
The NAIC will hold an electronic election within days to elect a new president, according to NAIC officials.
Under normal conditions, the NAIC president serves until December, and the NAIC vice president moves up to become president.
Jim Poolman, the North Dakota insurance commissioner, is now vice president of the NAIC. Poolman says that, if he is elected NAIC president, he will continue to aggressively pursue the NAIC’s agenda both in Congress and with state legislators.
The NAIC will continue to work on initiatives such as a regulatory road map and efforts to complete a market conduct model, Poolman says.
Poolman says he does not think Csiszar’s move to PCI will hurt the cause of state regulation in Congress. The PCI is an active supporter of state regulation, Poolman notes.
The NAIC will select a new president next week, and the group will select a new vice president and a new secretary-treasurer next month, during the NAIC’s fall meeting in Anchorage, Alaska, according to Cathy Weatherford, the NAIC’s executive vice president. Commissioners feel it it is important to get a new leader in place quickly, Weatherford says.
There is a general belief among NAIC members that “the NAIC is bigger than one person and that it is a strong organization that possesses unity and continuity of leadership,” Weatherford says.