New Jersey is losing its top insurance regulator and South Carolina is gaining a new top insurance regulator.[@@]
Holly Bakke, New Jersey’s banking and insurance commissioner, is resigning and plans to leave her job March 1.
Meanwhile, South Carolina Gov. Mark Sanford, has named Eleanor Kitzman, a business founder, to become his state’s insurance director.
Bakke, a Republican, has had to spend 90 minutes commuting to and from Trenton, N.J., each day, and she said in her letter of resignation that she wanted to spend more time with her teen-age son and become more involved in her community.
New Jersey’s acting governor, Richard Codey, a Democrat, had asked Bakke to stay on when he took his post in November 2004.
Codey says he appreciates the fact that Bakke stayed on through the changeover in administrations.