CEI Statement on Resignation of NAIC CEO Catherine Weatherford

Washington, D.C., July 3, 2008—Long-serving National Association of Insurance Commissioners Executive Vice President and CEO Catherine Weatherford announced her resignation Thursday.

CEI Senior fellow and insurance project lead Eli Lehrer both praises and criticizes Weatherford’s tenure with the organization. “By all appearances, she did an effective job administering NAIC and expanding its presence in the public policy debate. Unfortunately, she ended up using a lot of that influence to fight free market reform,” Lehrer said. “Her steadfast opposition to engage the debate about possible gains from competitive chartering concepts, such as an Optional Federal Charter, showed that NAIC’s supposed commitment to regulatory modernization was nothing more than a mirage.”

CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government.  For more information about CEI, please visit our website at www.cei.org.

Contact:

Richard Morrison, 202.331.2273
Eli Lehrer, 202.331.2283 / 202-615-0586