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Member, Beacon International Group, Ltd.
Top insurance regulators in Maine and Wisconsin have announced that they plan to step down from their appointed posts.
Maine Supt. of Insurance Alessandro Iuppa, in a statement Tuesday, said he plans to leave effective Jan. 13, 2007. Mr. Iuppa also is president of the National Assn. of Insurance Commissioners, although that term ends after the organization's winter meeting Dec. 9-12 in San Antonio. Alabama Insurance Commissioner Walter Bell, the current president-elect, is expected to succeed him at the NAIC.
Mr. Iuppa said he will join the private sector but declined to provide details.
In a separate announcement Tuesday, Wisconsin Insurance Commissioner Jorge Gomez said he is resigning his post effective in mid-December. Mr. Gomez said in a statement that he plans to return to the private sector.
Wisconsin Gov. Jim Doyle is beginning his second term by establishing a new cabinet, observers said.
No details were available about replacements in the respective states.