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Adam Hamm to Succeed Michael McRaith as NAIC Secretary-Treasury

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Members of the National Association of Insurance Commissioners (NAIC) have elected Adam Hamm, the North Dakota insurance commissioner, to be the group’s new secretary-treasurer.

The NAIC, Kansas City, Mo., held a special meeting via conference call to elect Hamm to succeed Illinois Insurance Director Michael McRaith.

McRaith is leaving Illinois and the NAIC secretary-treasurer post to become the first director of the new Federal Insurance Office, an arm of the U.S. Treasury Department.

Hamm became North Dakota commissioner in October 2007.

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He is chair of the NAIC Life Insurance and Annuities Committee and vice chair of the NAIC’s Midwest Zone. He also is chair of the NAIC’s Principles-Based Reserving Working Group.

Hamm has a bachelor’s degree from Sam Houston State University and a law degree from the University of North Dakota.

- Allison Bell

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