News Release

New Jersey Department of
Banking and Insurance

Commissioner Tom Considine

For Immediate Release:
September 3, 2010

For Further Information:
Ed Rogan or Marshall McKnight (609) 292-5064

New Jersey Department of Banking Insurance Commissioner Tom Considine yesterday was elected to the national Executive Committee of the National Association of Insurance Commissioners (NAIC), as well as the Vice Chairman of the NAIC's Northeast Zone by his peers in the Northeast Zone. That zone includes the states of Maryland, Delaware, Pennsylvania, New Jersey, New York, Connecticut, Rhode Island, Massachusetts, New Hampshire, Vermont and Maine as well as the District of Columbia.

In this post, Considine assumes a leadership role in the NAIC’s Northeast region, which deals with insurance policy and regulatory issues in that part of the country. Additionally, the NAIC Executive Committee serves as the leadership body of the organization, so Considine assumes a leadership role on national issues as well.

“I’m honored that the NAIC has entrusted me with these leadership positions,” said Considine. “There are many pressing and important issues facing state insurance regulators today, among them rising health insurance costs, coordination of states’ market regulation, implementation of federal financial reform, as well as the lingering economic stagnation and the effect it has had on the companies we regulate and the consumers they serve. There is much to be done and I’m proud to be working with my colleagues at the NAIC on all of these vital issues.”

The NAIC, formed in 1871, is an organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC serves the needs of consumers and the industry, with an overriding objective of supporting state insurance regulators as they protect consumers and maintain the financial stability of the insurance marketplace.