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FOR IMMEDIATE RELEASE
MO INSURANCE REGULATOR REAPPOINTED TO FINANCIAL
STABILITY OVERSIGHT COUNCIL
WASHINGTON, D.C. (Sept. 21, 2012) — The National
Association of Insurance Commissioners (NAIC) has reappointed John M. Huff,
Missouri Insurance Director, to a second two-year term as the state
insurance commissioner representative on the Financial Stability Oversight
Council (FSOC). In this role, Huff will continue to represent the interests
of the nation’s state insurance regulators on the council. FSOC is a
fifteen member body comprised of the nation’s chief financial regulators.
FSOC was created by the Dodd-Frank Wall Street Protection and Consumer
Protection Act in 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 council 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.
About John M. Huff
As Director of the Missouri Department of Insurance, Financial
Institutions and Professional Registration, Huff leads a team of 550
employees that work to protect consumers through the regulation of
professionals and businesses in the state. The department regulates more
than half a million insurance companies, banks, doctors, nurses and others.
Before entering public service, Huff spent more than a decade as an
executive with leading insurers and reinsurers, including Swiss Re and GE
Insurance Solutions. At these companies, Huff led global teams and was
stationed in London and Zurich.
Huff earned his bachelor's degree in business
administration from Southeast Missouri State University, an MBA from Saint
Louis University, and graduated from the Washington University School of
Law in St. Louis.
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