Governor Scott Walker appointed Ted Nickel as Commissioner of Insurance for the state of Wisconsin on January 3, 2011. The Office of the Commissioner of Insurance regulates the business of insurance in Wisconsin. The office has a staff of 153 and is responsible for examining industry financial solvency and market conduct, licensing agents, reviewing policy forms for compliance with state legislation, investigating consumer complaints and providing consumer information. In addition to its regulatory duties, the office administers the State Life Insurance Fund, the Local Government Property Insurance Fund, and the Injured Patients and Families Compensation Fund.
Prior to his appointment, Nickel worked for almost 18 years as director of governmental and regulatory affairs for Church Mutual Insurance Company in Merrill, WI. Nickel has been actively engaged in insurance industry affairs in Wisconsin. He has served on the board of directors of the Wisconsin Insurance Alliance, including having served as chair. Nickel served on the board of directors of the Wisconsin Insurance Security Fund and the Oklahoma Property Casualty Insurance Guaranty Association, as well as having served as a member of the Legal and Government Affairs Committee of the Property Casualty Insurers Association of America. Nickel also worked in the administration of former Wisconsin Governor Tommy Thompson.
Commissioner Nickel served on the Northcentral Technical College District Board of Trustees for six years. While there, he served as secretary/treasurer and participated on a CEO recruiting committee. He chaired the Merrill, WI, Parks and Recreation Committee and was vice chair of the Merrill, WI, City Plan Commission.
Nickel was elected secretary-treasurer of the NAIC in December 2014. He currently serves on the Executive (EX) Committee, the Cybersecurity (EX) Task Force, the Governance Review (EX) Task Force, the Government Relations (EX) Leadership Council, the International Insurance Relations (EX) Leadership Group and the Internal Administration (EX1) Subcommittee.
He chairs the NAIC Audit Committee and the NAIC/Industry Liaison Committee and is vice chair of the Consumer Participation Board of Trustees. He is a member of the Life Insurance and Annuities (A) Committee, the Health Insurance and Managed Care (B) Committee, the NAIC/American Indian and Alaska Native Liaison Committee and serves on several other NAIC task forces and committees.
In 2014, he chaired the Contingent Deferred Annuity (A) Working Group, the Mortgage Guaranty Insurance (E) Working Group and the Health Care Reform Regulatory Alternatives (B) Working Group. In August 2014, Nickel was appointed to the Federal Advisory Committee on Insurance, which serves as an advisory committee to the Federal Insurance Office.
Commissioner Nickel earned his bachelor's degree in business administration with a concentration in finance from Valparaiso University.