National Association of Insurance Commissioners (NAIC) Re-Appoints Missouri Insurance Director John Huff to Financial Stability Oversight Council
Sep 24, 2012
Above: Missouri Insurance Director John M. Huff
The National Association of Insurance Commissioners (“NAIC”) has reappointed Missouri Insurance Director John M. Huff to a second two-year term as the state insurance commissioner representative on the Financial Stability Oversight Council (“FSOC”). In this role, Director Huff will continue to represent the interests of state insurance regulators on the FSOC, a 15-member body comprising the United States’ chief financial regulators.
The FSOC was created by the Dodd-Frank Wall Street Protection and Consumer Protection Act of 2010 to monitor the safety and stability of the nation’s financial system, identify risks to the system, and coordinate a response to any threats. The FSOC has the authority to identify financial firms, financial market utilities and systemic payment, clearing, or settlement activities whose failure could potentially pose a risk to the financial system.
The Council consists of 10 voting members and 5 nonvoting members and brings together the expertise of federal financial regulators, state regulators, and an insurance expert appointed by the President.
The next meeting of the FSOC is on Friday, September 28, 2012.
About John M. Huff
As Director of the Missouri Department of Insurance, Financial Institutions and Professional Registration, Director Huff leads a team of 550 employees who work to protect consumers through the regulation of professionals and businesses in the state. His department regulates more than half a million insurance companies, banks, doctors, nurses and others.
Before entering public service, Director Huff spent more than a decade as an executive with leading insurers and reinsurers, including Swiss Re and GE Insurance Solutions. At these companies, he led global teams and was stationed in London and Zurich.
Director Huff earned his Bachelor’s Degree in Business Administration from Southeast Missouri State University and his MBA from Saint Louis University. He graduated from the Washington University School of Law in St. Louis.
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