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NFI: 13th Annual Insurance Summit Speakers
Washington D.C. - Tuesday, May 23, 2017
Charles (Chuck) M. Chamness
President & CEO, National Association of Mutual Insurance Companies (NAMIC)
Chuck Chamness serves as president/chief executive officer of the National Association of Mutual Insurance Companies, a 1,400-member-company property/casualty insurance trade association. Members’ $230 billion in premiums account for 54 percent of homeowners, 43 percent of automobile, and 32 percent of the business insurance markets, serving more than 170 million auto, home, and business policyholders.
Chamness was named to his current position in 2003, joining NAMIC in 1995 as vice president of public affairs. He has helped position NAMIC as the largest U.S. property/casualty insurance trade association, focusing on leadership in advocacy, public policy, public affairs, and member services.
Over the last decade, NAMIC has experienced strong growth in membership with nearly 200 new member companies joining the association, revenue growth averaging 10 percent annually, and a member retention rate exceeding 99 percent. In this same time period, NAMIC PAC has increased five-fold to over $1 million in the 2016 election cycle, making it one of the nation’s fastest growing political action committees.
Chamness has testified before both House and Senate committees on topics ranging from the Dodd-Frank Act impact on insurance to the industry’s response to Hurricane Katrina. He worked for 10 years in Washington, D.C., serving in the first Bush administration as deputy assistant secretary for public affairs under HUD Secretary Jack Kemp as well as a press secretary on Capitol Hill and in other public- and private-sector positions.
NAMIC has been named a “Best Place to Work” (mid-sized company category) by the Indiana Chamber of Commerce each time it has entered, placing #2 in 2015.
Chamness serves as chairman of the board of NAMICO, a $55 million asset “A” rated professional liability insurance company owned by the association and its members. He is the immediate past chairman of the board of the St. Baldrick’s Foundation, an insurance-industry-founded organization that funds more in childhood cancer research grants than any organization except the U.S. government, with more than $80 million in research grants awarded during his three-year tenure as chair. He has served as a member of the board of the Insurance Institute for Highway Safety since 2004 and is a member of the U.S. Chamber of Commerce’s Association Committee of 100 and the Indiana University Foundation Board of Associates.
Chamness holds a B.A. from Indiana University, Bloomington, and lives in Indianapolis with his wife, Briget, and their four children.
Michael F. Consedine
Chief Executive Officer, National Association of Insurance Commissioners (NAIC)
Michael F. Consedine serves as the NAIC's Chief Executive Officer. As CEO, he principally focuses on strategic planning, policy development and implementation in the areas of state, federal and international affairs and relations. He advocates for NAIC members and represents their interests before federal and international policymakers, state government associations, and consumer and industry groups. Mr. Consedine is also responsible for management of the NAIC's Executive Office and staff.
Before joining the NAIC in January 2017, Mr. Consedine served as the Global Head of Government and Policy Affairs at Aegon, one of the world's largest financial services companies with operations in 20 countries serving more than 30 million customers. At Aegon he led government relations in Europe, the Americas and Asia. Concurrently, Mr. Consedine was Senior Vice President, Deputy General Counsel, and Executive Director of Government Affairs of Aegon's U.S. subsidiary, Transamerica. In this role, he oversaw all aspects of the company's state and federal government relations activities.
Mr. Consedine has spent his entire career in the insurance industry as an attorney, regulator, and executive. Most notably, he served as the Insurance Commissioner for the Commonwealth of Pennsylvania from 2011 to 2015. While Commissioner, he was elected by his peers to serve as an officer of the NAIC as Secretary-Treasurer, Vice President and President-Elect. He served on a number of NAIC committees focused on both international and domestic matters, including as Chair of the International Insurance Relations (G) Committee, the Reinsurance (E) Task Force and the Health Care Reform Alternatives Working Group. In November 2011, the U.S. Treasury Department named him as one of the first members of the Federal Advisory Committee on Insurance, which advises the Federal Insurance Office on domestic and international policy. Mr. Consedine was also the NAIC's representative to the EU–U.S. Insurance Dialogue Steering Committee and was active in the International Association of Insurance Supervisors (IAIS), where he served on their Executive Committee.
Earlier in his career, Mr. Consedine was a Partner at Saul Ewing LLP and was Vice-Chair of its Insurance Practice Group.
Congressman Sean P. Duffy (R-WI)
Chairman, Subcommittee on Housing and Insurance of the House Financial Services Committee
Congressman Sean Duffy was born and raised in Hayward, Wisconsin. His great, great grandfather was one of the state's early pioneers and a laborer for the Northwestern Lumber Company. His great grandfather, one of Hayward's founding settlers, was a sawyer for 27 years.
Congressman Duffy has never strayed far from his roots, becoming a nationally recognized professional lumberjack athlete. He is a two-time world champion in the 90-foot speed climb, three-time champion in the 60-foot and an accomplished log-roller. Sean has been a color commentator for ESPN's Great Outdoor Games, as well as a Badger State Games Honorary Athlete and takes pride in bringing national attention to a sport with vital roots in Wisconsin's proud history.
The tenth of eleven siblings, Congressman Duffy worked his way through law school by performing in lumberjack shows and exhibitions across the state of Wisconsin and around the country. After graduating from law school he practiced law in Hayward before becoming the District Attorney of Ashland County. He is most proud of his dedication to prosecuting child sex crimes. Working together with law enforcement, Congressman Duffy helped make Ashland County one of the first counties in the state to investigate and prosecute child Internet sex crimes.
Congressman Duffy serves on the House Financial Services Committee as the Chairman of the Subcommittee on Oversight & Investigations. He met his wife Rachel Campos-Duffy, an Arizona native, through the MTV show, 'The Real World' Together, they are the proud parents of eight children.
Michael T. McRaith
Past Director, Federal Insurance Office (FIO)
Michael T. McRaith served as Director of the Federal Insurance Office (FIO) from June 2011 to January until January 2016. As Director of FIO, McRaith advised the Treasury Secretary on domestic and prudential international insurance matters of importance. FIO monitors all aspects of the insurance sector, and is responsible for coordination of Federal efforts and the development of Federal policy on prudential aspects of international insurance matters.
Prior to his work at the FIO, McRaith was director of the Illinois Department of Insurance. Before that, he spent 15 years in private practice as an attorney in Chicago. McRaith was also Secretary/Treasurer of the National Association of Insurance Commissioners (NAIC). McRaith’s NAIC-related work ensured that Illinois consumers and domestic industries are nationally represented. McRaith has previously served as chairman of the NAIC’s Midwest Zone and chair or vice chair of numerous substantive committees, including the Property and Casualty (C) Committee, the Rating Agency Working Group, Industry Liaison Committee, the Health Insurance Exchange Working Group, and the Broker Activities Task Force.
He served as chairman of the board of directors for the Illinois Comprehensive Health Insurance Plan (a high-risk health insurance pool). He supervised the state’s Senior Health Insurance Program (SHIP), and has actively participated in developing, drafting, and advocating for statewide and national health insurance modernization.
McRaith serves on the executive committee of the board of directors for the AIDS Foundation of Chicago and the board of directors for the American Foundation for Suicide Prevention, Chicago Chapter. McRaith was honored to receive a 2010 President’s Award from the Illinois Academy of Family Physicians.
McRaith received a B.A. from Indiana University and J.D. from Loyola University School of Law in Chicago.
Honorable Tim Pawlenty
President & CEO, Financial Services Roundtable and former Governor of Minnesota
Tim Pawlenty is the CEO of the Financial Services Roundtable. Governor Pawlenty brings dynamic leadership and vision to an organization which represents leading financial service companies in their efforts to protect the security, integrity and success of our nation’s financial system. As a former two-term Governor of Minnesota, he is a leader with significant executive experience having overseen a $50 billion biennial budget, led 30,000 state employees, and managed 20 individual state agencies and departments.
As Governor, his education, healthcare, and energy initiatives were widely viewed as among the most innovative in the nation. He served as chair of the National Governor’s Association from 2007-2008 and chair of the Midwest Governor’s Association from 2006-2007. While serving as chair of the Minnesota State Board of Investment, Governor Pawlenty provided oversight for over $60 billion in investments.
Governor Pawlenty is a nationally respected policymaker who combines his depth of subject matter knowledge with a unique ability to communicate on complex issues. His recognition as one of the foremost thought leaders in the country brings peerless credibility to FSR and its members.
Leigh Ann Pusey
President & CEO, American Insurance Association (AIA)
Leigh Ann Pusey is the president and CEO of the American Insurance Association (AIA). She oversees the organization’s operations and works directly with AIA’s Board of Directors to develop and guide the strategic mission of the association.
AIA is the leading property-casualty insurance trade organization, representing more than 325 insurers that write more than $127 billion in premiums each year. A veteran of the insurance industry, Ms. Pusey joined AIA in December 1996 and was elevated to president and CEO in February 2009. Previously she served as chief operating officer and senior vice president of government affairs where she was responsible for the association’s government affairs department bringing property-casualty matters before Congress and state legislatures. She began her tenure with the association as senior vice president for public affairs. Ms. Pusey is consistently recognized by The Hill as one of the top lobbyists in Washington, D.C. and in 2012 she was named by National Journal as one of the 25 “Most Influential Women in Washington.”
Business Insurance Magazine has listed Ms. Pusey among their “Women to Watch” and Treasury and Risk Management Magazine named her to its “100 Most Influential People in Finance.” In addition, she is frequently quoted in the news media and consulted by policy makers and Wall Street leaders for her views on issues facing the property-casualty industry. In addition to her role as CEO, Ms. Pusey also serves in various capacities for a number of organizations, including as a member of the U.S. Chamber of Commerce’s Committee of 100, and board member of the Insurance Institute for Highway Safety (IIHS).
Prior to joining AIA, Ms. Pusey had been the deputy assistant to President George H.W. Bush for the White House Office of Public Liaison, communications coordinator for U.S. House Speaker Newt Gingrich (R-GA), and deputy director of communications for the Republican National Committee. Ms. Pusey is a graduate of Samford University in Birmingham, Alabama. She currently resides in Alexandria, Virginia with her husband and their two children.
David A. Sampson
President & CEO, Property Casualty Insurers Association of America (PCI)
is the president and chief executive officer of the Property Casualty Insurers Association of America (PCI), representing 1,000 companies that write 35 percent of the nation’s home, auto, and business insurance market.
Since joining PCI in 2007, Sampson has established the organization as a recognized thought leader and highly respected advocacy voice for the property casualty industry.
Under Sampson’s leadership, PCI worked with Congress to ensure that the Dodd-Frank Act recognized the strong consumer protections already provided by state insurance regulators and the guaranty fund system—resulting in the least and lightest touch on the property casualty insurance industry.
Sampson is also the president of the Independent Statistical Service (ISS), a wholly owned subsidiary of PCI and one of the industry’s largest and most trusted statistical agents. He serves on the Board of Directors of the Insurance Institute for Highway Safety. He also is a member of the U.S. Chamber of Commerce’s “Committee of 100,” a group of CEOs from the nation’s leading trade associations.
Before joining PCI, Sampson served in the George W. Bush Administration in two presidential-appointed and Senate-confirmed positions. From 2005 to 2007, he served as the Deputy Secretary of the U.S. Department of Commerce, the Department’s chief operating officer overseeing its 15 agencies. Sampson traveled worldwide to promote opportunities for U.S. companies and encourage the development of market economies and increased trade. In this position, he was a member of President Bush’s Management Council. Sampson also served as Assistant Secretary of Commerce for Economic Development from 2001 to 2005.
Previously, Sampson served in the Governor George W. Bush Administration as Chair of the Texas Council on Workforce and Economic Competitiveness and Vice Chair of the Texas Strategic Economic Development Planning Commission. He also led the Arlington, Texas Chamber of Commerce as the President and Chief Executive Officer.
Sampson graduated from Lipscomb University, where he serves as a distinguished professor of public policy. He earned his doctorate at Abilene Christian University. He completed the Program for Senior Executives at Harvard University’s John F. Kennedy School of Government in 1999. He and his wife Karen have two grown sons.
Thomas R. Sullivan
Associate Director, Division of Supervision and Regulation, Board of Governors, Federal Reserve System
Thomas Sullivan is an Associate Director with the Federal Reserve, Board of Governors. Mr. Sullivan, an insurance industry regulatory veteran, leads the Federal Reserve on supervisory and regulatory matters presented by insurance firms within the responsibility of the Fed. The Fed is the consolidated regulator for roughly one-third of the U.S. Insurance Industry; the world’s largest insurance market.
Among his core responsibilities, Mr. Sullivan leads the insurance policy development activities of the Fed. Mr. Sullivan also represents the Fed at the International Association of Insurance Supervisors (IAIS) and manages the Federal Reserve’s participation in IAIS committees, working groups and projects. He is the Fed’s point of contact with senior officials from the National Association of Insurance Commissioners (NAIC), state insurance commissioners, the Federal Insurance Office, and foreign insurance supervisory authorities. Sullivan contributes to the Federal Reserve’s participation in the Financial Stability Board (FSB) when the FSB addresses issues related to insurance and briefs the Director, other Fed senior officers, and members of the Board, on matters of relevance in insurance regulation.
Mr. Sullivan was most recently a Partner in the financial services regulatory consulting practice at one of the world’s largest professional services firms.
Most notably, Mr. Sullivan served nearly four years as Connecticut’s 30th Insurance Commissioner beginning in 2007. As Commissioner, Sullivan, successfully guided his agency through the depths and challenges of the most recent financial crisis, a time of significant stress for some regulated financial institutions within his dominion. Commissioner Sullivan was also an active member of the NAIC, leading and serving on a number of committees including the Executive Committee, Government Relations Leadership Counsel, Life and Annuities Committee, Property Casualty Committees, and the Climate Change Task Force.
Mr. Sullivan has more than 25 years of experience in the insurance industry. He began his career at The Hartford, advancing through various positions of responsibility in management, leadership, and finally as an executive in the firm.
R. Christopher Whalen
Senior Managing Director and Head of Research, Kroll Bond Rating Agency
Christopher Whalen is an investment banker and author who lives in New York City. He is Senior Managing Director and Head of Research at Kroll Bond Rating Agency, where he is responsible for credit ratings for financial institutions.
He is the author of the December 2010 book, "Inflated: How Money and Debt Built the American Dream," published by John Wiley & Sons. In 2014 he co-authored with veteran attorney Frederick Feldkamp the 2014 book entitled “Financial Stability: Fraud, Confidence & the Wealth of Nations.”
Over the past three decades, Christopher has worked for financial firms such as Bear, Stearns & Co., Prudential Securities, Tangent Capital Partners and Carrington Mortgage Holdings. He was a co-founder and principal of Institutional Risk Analytics from 2003 through 2013, when the firm was acquired by Total Bank Solutions.
Christopher is a member of the board of directors of the Global Interdependence Center (GIC) in Philadelphia and sits on the advisory board of Weiss Residential Research in Natick, MA. He previously served as a fellow of Networks Financial Institute at Indiana State University (2008-2014) and as a member of the Finance Department Advisory Council at the Villanova School of Business (2013-2016).
Christopher is a member of the Economic Advisory Committee of the Financial Industry Regulatory Authority (FINRA). Christopher is a member of the National Association of Business Economists. He is a member of Professional Risk Managers International Association and was regional director of PRMIA’s Washington DC chapter (2006-2010). Christopher is a member of the Association for Private Enterprise Education (APEE).
Christopher contributes articles to Zero Hedge, American Banker, Housing Wire and The National Interest. Christopher has testified before Congress, the Securities and Exchange Commission and Federal Deposit Insurance Corporation on a range of financial, economic and political issues. He appears regularly in such media outlets as CNBC, Bloomberg, Fox News and Business News Network. Christopher is a member of FINRA and holds Series 79 & 24 securities licenses.
Student and NFI Scholar, Scott College of Business, Indiana State University
Larynda Keith is a senior Networks Scholar at Indiana State University from Elnora, Indiana. She is currently studying Finance, Insurance and Risk Management, and Business Administration. Within the Networks Professional Development Program, Larynda is currently the Networks Student Advisory Council (SAC) Chair where her role consists of being the lead liaison to the education team, facilitating meetings, and modeling a unified stance across the different classes and teams in the program. Larynda states that the Networks Professional Development Program has improved her speaking abilities tremendously as well as her leadership skills that has and will continue to benefit her personally and professionally.
Around campus Larynda is also involved in Gamma Iota Sigma, Beta Gamma Sigma, The National Society of Leadership and Success, intramural volleyball, and intramural softball. Her favorite memories at Indiana State University consist of visiting London, England with the Insurance and Risk Management Program and Rome, Italy with the Networks Professional Development Program. She appreciates the opportunities she has received to travel domestically and internationally to gain more knowledge about the business world outside of Indiana. Larynda has been an intern at Naval Surface Warfare Center (NSWC) Crane in Southern Indiana since May 2015 and has recently accepted a full-time position as a financial analyst that will begin following graduation.
Brien N. Smith
Dean, Scott College of Business, Indiana State University
Brien Smith is the dean for the Scott College of Business at Indiana State University. Smith attained his PhD in industrial/organizational psychology in 1989 from Auburn University. He has over 25 years of administrative experience in higher education and has actively participated in university governance. Smith previously worked at Ball State University where he served a number of roles including associate dean, chair for the Department of Marketing and Management, and director of business graduate programs.
While at Indiana State, the college of business has experienced marked growth in undergraduate and graduate enrollments. Dean Smith has secured nearly 10 million dollars in grant funding for new and existing programs in the college. Under his direction the college developed the Student Managed Investment Consortium with over 30 university affiliates. The college continues to be recognized as a thought leader in insurance and risk management, hosting the Insurance Public Policy Summit in Washington, D.C. each year.
Smith published numerous articles in refereed proceedings and journals, including many of the most highly acclaimed journals in his field: Journal of Applied Psychology, European Journal of Operational Research, Journal of Business and Psychology, and Journal of Applied Social Psychology. He has delivered presentations and speeches at national and international conferences.
Dr. Smith has a strong interest in psychological applications to the workplace, and draws heavily from his organizational psychology background. His 2004 article, “Transformational and Servant Leadership: Content and Contextual Comparisons” in the Journal of Leadership and Organizational Studies has been cited hundreds of times in journal articles, periodicals, and books.
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