Mike Chaney Commissioner

Mississippi (Southeast Zone) Mississippi Insurance Department PO Box 79 Jackson, Mississippi 39205 Phone: 601.359.3569 Fax: 601.359.2474 Street Address: 501 North West Street Woolfolk State Office Building, 10th Floor Jackson, Mississippi 39201

Vicksburg resident Mike Chaney, Mississippi's Commissioner of Insurance, is serving his second four-year term. Prior to his election, Commissioner Chaney served seven years in the Mississippi House of Representatives and eight years in the Mississippi Senate.

Since taking office in January, 2008, Commissioner Chaney has brought a style of openness, transparency and accessibility to the office, including opening a Mississippi Insurance Department office on the Gulf Coast. He has also spearheaded a wind mitigation program for the Mississippi Gulf Coast region to strengthen homes against hurricane-force winds and help homeowners realize discounts on their wind insurance premiums. Also, in his continuing effort to expand the insurance market on the Gulf Coast and in the state as a whole, he has overseen the addition of over 140 new companies to write insurance in the state.

He serves on numerous committees at NAIC and serves as chair the NAIC's Property and Casualty "C" Committee. Property and casualty insurance. Under Chaney's guidance Mississippi has also joined the Interstate Insurance Product Regulation Commission, where the commissioner serves on the board. The IIPRC is a voluntary group that simplifies the product filing process for insurers.

Since January, 2008, the department has recovered over $11 million for insurance consumers in the state. Also, in the ongoing Frankel fraud case, the trustees have recovered more than $164 million. Commissioner Chaney has worked to stabilize the state's Windpool; to make property and casualty rate filings more efficient; worked to secure insurance for volunteer firefighters and to protect victims of domestic violence from discrimination by health insurance companies. He has also worked diligently to stabilize rates in Mississippi by carefully examining and reducing the requested amount of several major rate filings.

He is a Rotarian and Paul Harris Fellow. He is a past president of the Republican Elected Officials of Mississippi and serves on the state Republican Executive Committee. He is a graduate of Mississippi State University with a B.S. in Business and Finance and is a veteran of the United States Army, serving in Vietnam in 1968-69.