FOR IMMEDIATE RELEASE
NAIC Honors State Regulators with
2016 Dineen Awards
MIAMI BEACH, Fla. (Dec. 10, 2016) — The National Association of Insurance Commissioners (NAIC) recognized three state regulators who have made significant contributions to state-based insurance regulation today during the Opening Session of the NAIC's Fall 2016 National Meeting.
The NAIC presented three state department regulators with the Dineen Award. The NAIC established the Robert Dineen Award for Outstanding Service and Contribution to the State Regulation of Insurance in 1989 in honor of the founder of the NAIC's Support and Services Office.
The 2016 Dineen Award recipients are: Kim Hudson, Supervising Insurance Examiner of the California Department of Insurance; Cindy Donovan, Chief Financial Examiner of Indiana Department of Insurance; and Rich Piazza, Chief Actuary of the Louisiana Department of Insurance.
"While the job of NAIC president faces many challenges, the position is also incredibly rewarding. One of the benefits is the ability to recognize individuals who show exceptional dedication to insurance regulation and the NAIC," said John M. Huff, NAIC President and Missouri Insurance Director, before announcing the awards. "Each year, we present the Robert Dineen Award to the state department staff member who exemplifies the best of insurance regulation. This year, I am pleased to bestow this deserving award on three outstanding state regulators."
Kim Hudson's career spans 42 years to the regulation of insurance during which he has made significant contributions to California's insurance market and been an active participant in the NAIC. Hudson played an instrumental role in bringing regulators and insurance industry representatives together on key topics in the Accounting Practices and Procedures Task Force, the Blanks Working Group, the Financial Analysis Working Group, the Variable Annuity Working Group, and the Reinsurance Financial Analysis Working Group.
Cindy Donovan has served the Indiana Department of Insurance for 31 years in various roles including chief financial examiner, field examiner and deputy commissioner. Donovan regularly works with regulators from all jurisdictions, as well as NAIC staff, on important insurance issues. She also frequently participates in supervisory colleges, multi-state calls and informal discussions with fellow regulators and her efforts have contributed to streamlined process for company licensing and strengthening state-based regulation.
Rich Piazza has provided leadership on a number of issues including price optimization, catastrophe models and the regulatory implications of their use. Piazza is responsible for reserve adequacy reviews, rate reviews and other actuarial analyses for all lines of insurance for the Louisiana Department of Insurance. He served as Chief Actuary during the worst natural disaster in U.S. history, guiding Louisiana and the Gulf Coast with leadership and acumen.