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NFI: 12th Annual Insurance Summit Speakers
Washington D.C. - Thursday, March 17, 2016
Senator Ben E. Sasse (R-NE)
Senate Committee on Banking, Housing and Urban Affairs
Senator Sasse began his professional career working at the Boston Consulting Group and then at McKinsey & Company, advising private companies and federal agencies as well as civilian groups in Iraq. During the first and second terms of President George W. Bush (2001–09), he worked in the Department of Justice and Department of Homeland Security before becoming assistant secretary for planning and evaluation (2007–09) at the U.S. Department of Health and Human Services where he focused on healthcare and entitlement program initiatives in particular. He also taught at the University of Texas until becoming president (2009–14) of Midland University, a private school in his hometown of Fremont.
In 2014, Sasse entered the U.S. Senate race, running on a broadly conservative ticket that focused on opposition to the Patient Protection and Affordable Care Act and on entitlement reform. Sasse took office in 2015.
Congressman Blaine Luetkemeyer (R-MO)
Chairman, Subcommittee on Housing and Insurance of House Financial Services Committee
As the Congressman from the 3rd Congressional District of Missouri, Luetkemeyer is committed to representing the interests of the hard-working people by being a strong voice for them in Washington, D.C.
Along with his strong agriculture background, he was also a small businessman, having been in the banking and insurance business. Luetkemeyer has also served as a bank regulator for the state of Missouri earlier in his career.
From 1999 to 2005, Luetkemeyer was a Missouri State Representative and served as Chairman of the Financial Services Committee and was elected by his colleagues to serve as the House Republican Caucus Chairman.
Building on his experience as a bank examiner, small businessman and community banker, Luetkemeyer serves as vice chairman of the House Small Business Committee where he also serves on the House Small Business Subcommittees on Health and Technology and Agriculture, Energy and Trade. Luetkemeyer also serves on the House Financial Services Committee where he also serves on the panel's Subcommittee on Financial Institutions and Consumer Credit Committee and is chairman of the Housing and Insurance Subcommittee.
Charles (Chuck) M. Chamness
President & CEO, National Association of Mutual Insurance Companies
Chuck Chamness serves as president and chief executive officer of the National Association of Mutual Insurance Companies, a property/casualty insurance trade association with 1,400 member companies. NAMIC members represent 40 percent of the total property/casualty insurance market, serve more than 170 million policyholders, and write nearly $225 billion in annual premiums.
Since being named CEO in 2003, Chamness 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 past decade, NAMIC has experienced strong growth in membership, with 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 and will exceed $1 million this congressional election cycle, making it one of the nation’s largest and fastest growing political action committees.
Chamness has testified before both U.S. 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.
Chamness serves as chairman of the board of NAMICO, a $55 million asset professional liability insurance company owned by the association and its members. He is 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 $23 million in new research grants awarded in 2015. 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.
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 No. 2 in 2015.
Chamness holds a B.A. from Indiana University, Bloomington. He and his wife Briget have four children.
Milan V. Dalal
Senior Economic Advisor to U.S. Senator Mark Warner (D-VA), and Staff Director of the Securities, Insurance, and Investment Subcommittee of the Senate Banking Committee
Milan Dalal is Senior Economic Advisor to Senator Mark Warner (D-VA) and staff director of the Senate Banking Committee's Subcommittee on Securities, Insurance, and Investment, serving as the senator's counsel on financial services, tax, and trade issues. He previously worked for Congressman Gregory W. Meeks (D-NY) as Legislative Director. An attorney, Mr. Dalal joined Capitol Hill in 2009 in the aftermath of the global financial crisis to work on financial regulatory reform. Among his activities, he advised Congressman Meeks while he was a conferee for the Dodd-Frank Act, drafting or negotiating several provisions, including sections on derivatives, debit and prepaid cards, prudential regulation, stress testing, and consumer protection. He also worked on the Iran Sanctions conference committee in 2010. Prior to joining the Hill, Mr. Dalal practiced law in Boston, where he worked with entrepreneurs and companies in private equity and venture capital transactions. He is active in foreign affairs, has published academic papers on international law, and has presented on Strategies for the Economic Reconstruction of Iraq at the U.S. Naval Academy in 2004.
Hon. Barney Frank
Former Member, U.S. House of Representatives (D-MA) and former Chairman, House Financial Services Committee
Barney Frank served as a US Congressman from 1981-2013 and Chairman of the House Financial Services Committee from 2007-2011. While in Congress, Frank worked to adjust America’s spending priorities to reduce the deficit by providing less funding for the military, thereby protecting funding for important quality-of-life needs at home. In particular, he focused on providing aid to local communities and to building and preserving affordable rental housing for low-income people. He was also a leader in the fight against discrimination of various sorts. He championed the interests of the poor, the underprivileged, and the vulnerable, and he won reelection 16 times by double-digit margins.
As Chair of the House Financial Services Committee, Frank was instrumental in crafting the short-term $700 billion rescue plan in response to the mortgage crisis, and he then worked for the adoption of a sweeping set of financial regulations aimed at preventing a recurrence. He was co-author of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the regulatory overhaul signed into law in July 2010. He also led passage of the Credit Cardholders’ Bill of Rights Act, a measure that drew praise from editorial boards and consumer advocates.
In 1987 he became the first Member of Congress voluntarily to acknowledge that he is gay, and in 2012 became the first Member of Congress to marry his same-sex partner, James Ready.
In 2014 a documentary titled Compared to What: The Improbable Journey of Barney Frank was released. In the film, Frank gives a rare and intimate peek into the life of Barney Frank as a quick-witted, cantankerous, and first openly gay Congressman in the United States. On the verge of his retirement, Frank reflects on his 40 years in office and the role his own homosexuality played in his campaigns for social justice. An unvarnished example of when the personal meets the political, with incredible “bare all” access, this documentary reveals Frank as one of the most sharp-tongued, entertaining, and lionhearted politicians of our time.
In addition, he has written two books: Speaking Frankly, in 1992, a critique of some aspects of the Democrat's approach to public policy; and a political memoir published in 2015 titled Frank: From the Great Society to Same Sex Marriage. He has taught at Harvard, Boston University, the University of Massachusetts Boston, and the University of Massachusetts Dartmouth.
President, National Organization of Life and Health Insurance Guaranty Associations (NOLHIGA)
President, NOLHGA. Peter Gallanis became President of the National Organization of Life and Health Insurance Guaranty Associations (NOLHGA) in April of 1999. NOLHGA was formed in 1983 to coordinate the activities of its fifty-two member state guaranty associations and their member companies (comprising the entire U.S. life and health insurance industry) in connection with insolvencies of multi-state life and health insurers. Mr. Gallanis is generally responsible for all of the financial, legal, strategic, educational, communications, and administrative services that NOLHGA provides to its membership. He is an active member of the insolvency response working groups for a number of major insolvencies.
CEO, Illinois Insurance Receivership Office. Prior to joining NOLHGA in 1999, Mr. Gallanis was the Special Deputy Insurance Receiver for the State of Illinois, where he managed the administration of approximately eighty insolvent domestic insurers of all types. He had been Illinois Special Deputy Receiver since 1995 and General Counsel of the Office of the Special Deputy Receiver since 1992. Before that, Mr. Gallanis was a partner in a large law firm in Chicago, where he was in private practice from 1978 through 1991.
Adjunct Insurance Law Professor. Mr. Gallanis also served as Adjunct Professor of Insurance Law at the DePaul University College of Law in Chicago from 1992 until he joined NOLHGA in 1999.
He received a bachelor's degree from the University of Chicago in 1975 and a law degree from the University of Illinois College of Law in 1978. He is admitted to practice before the United States Supreme Court and the Supreme Court of the State of Illinois.
Mr. Gallanis has frequently participated in trial and appellate court receivership proceedings, both on behalf of parties and as amicus curiae. He has lectured and published often on insurance topics in the United States and in Canada, England, Switzerland, Bermuda, and Taiwan. In addition, he has testified on insurance legislative proposals before state legislatures and the Congress of the United States.
Any comments by Mr. Gallanis during this program are made solely for the purpose of facilitating open and wide-ranging debate on a variety of topics. His comments do not represent the views or positions of his current or former employers, or any past, present, or future clients, and such comments may not reflect the personal views or positions of Mr. Gallanis on any particular issue.
Research Director, Networks Financial Institute, Scott College of Business, Indiana State University
Reza Houston is an Assistant Professor of Finance and the Research Director of the Networks Financial Institute. Reza holds a Ph.D. in finance from the University of Missouri, an MBA from Indiana State University, and a bachelor’s degree from Indiana University, where he majored in mathematics, economics, and East Asian Languages and Cultures. Prior to completing his graduate studies, he worked as a data analyst in the insurance industry.
Professor Houston has published research in numerous academic journals, including Managerial Finance, Accounting and Finance Research, and Advances in Financial Economics. He has served as a journal referee, presented numerous papers, and acted as a discussant at international conferences. He currently maintains research interests in the role of the political economy, credit risk, and mergers and acquisitions.
President, National Association of Insurance Commissioners and Director, Missouri Department of Insurance, Financial Institutions and Professional Registration
John M. Huff was appointed director of the Missouri Department of Insurance, Financial Institutions and Professional Registration by Gov. Jay Nixon on Feb. 6, 2009. An attorney, he leads the department that protects consumers through the regulation of professionals and businesses that impact Missourians' lives daily. Director Huff was elected by his peers to serve as the 2016 president of the National Association of Insurance Commissioners (NAIC), the national insurance standard-setting organization for the U.S.
In September 2010, he was appointed to the U.S. Financial Stability Oversight Council by the NAIC. Director Huff served two terms on the council and was the initial state insurance regulator appointed. The council was created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. Before entering public service, he spent 11 years as an executive with leading insurers and reinsurers, including Swiss Re and GE Insurance Solutions. Director Huff earned his bachelor's degree in business administration from Southeast Missouri State University. He earned an MBA at Saint Louis University, and his juris doctor degree from the Washington University School of Law in St. Louis.
Governor Dirk A. Kempthorne
President and CEO, American Council of Life Insurers (ACLI)
Dirk Kempthorne was appointed president and CEO of the American Council of Life Insurers (ACLI) in November 2010. Governor Kempthorne is the chief representative and spokesman for the life insurance industry before Congress, the administration and in all state capitals.
Governor Kempthorne advocates to policy-makers at all levels of government about the important role life insurers play in providing financial and retirement security to American families. His efforts help shape national and state policies that make it easier for families to manage risk and ensure they have long-term savings and guaranteed income-for-life options in retirement.
Governor Kempthorne was born in San Diego, California, but has called Idaho his home state for most of his life. He graduated from the University of Idaho in 1975 with a Bachelor of Arts degree in Political Science. Governor Kempthorne began his commitment to public service in 1985, when he was elected Mayor of the City of Boise, Idaho. After serving seven years as Mayor, he was elected to the United States Senate in 1992. He left the Senate after one term and was elected Governor of Idaho in 1998, and was easily re-elected for a second term in 2002. While serving as Governor, Kempthorne achieved the largest Indian Water Rights settlement in Idaho’s history, ending 150 years of dispute.
Michael T. McRaith
Director, Federal Insurance Office (FIO)
Michael T. McRaith was appointed by U.S. Department of the Treasury Secretary Timothy Geithner to serve as the Director of the Federal Insurance Office (FIO) in June 2011. As Director of FIO, McRaith advises the Secretary on domestic and prudential international insurance matters of importance. FIO monitors all aspects of the insurance sector, including access to affordable insurance for traditionally underserved communities and consumers, minorities and low- and moderate-income persons. McRaith also serves as a non-voting member of the Financial Stability Oversight Council (FSOC).
Director McRaith is responsible for coordination of Federal efforts and the development of Federal policy on prudential aspects of international insurance matters. As FIO Director, McRaith represents the United States at the International Association of Insurance Supervisors (IAIS) and in other bi-lateral and multi-lateral international insurance matters. McRaith also serves on the IAIS Executive Committee and as Chair of the IAIS Financial Stability and Technical Committee.
Immediately prior to his appointment as FIO Director in June 2011, McRaith served more than 6 years as the Director of the Illinois Department of Insurance. Prior to his public service, McRaith practiced law for fifteen years in Chicago. McRaith received his J.D. from Loyola University of Chicago and his B.A. from Indiana University. McRaith serves on the Board of Directors for the American Foundation for Suicide Prevention – Illinois Chapter, and as Director Emeritus for the AIDS Foundation of Chicago.
Paul J. Nagle
Chief Counsel for Rep. Upton (R-MI), Subcommittee on Commerce, Manufacturing and Trade
Paul Nagle is the Chief Counsel for the Commerce, Manufacturing and Trade Subcommittee (CMT). As chief, Nagle directs a team of five staff as they oversee the subcommittee’s wide ranging jurisdiction. Of particular work right now is the subcommittee’s focus on privacy, data breach, trade, FTC enforcement and auto safety. Prior to joining CMT, Nagle led a telecommunications and technology practice at Van Scoyoc and Associates. Nagle previously worked on the Hill as the Republican Chief Counsel for the Senate Committee on Commerce Science and Transportation. He Nagle was responsible for overseeing all of the legislative activities of the Committee including major legislation in the areas of communications law, internet governance, technology, and privacy. Nagle spent over two years at the Federal Communications Commission working on broadband and homeland security issues in the Legislative Affairs office under Chairman Powell. Prior to the FCC, Nagle was an associate at the Washington, D.C. law firm of Wilkinson Barker Knauer, LLP.
Hon. Tim Pawlenty
President & CEO, Financial Services Roundtable and former Governor (R) 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.
Nicholas A. Rossi
Staff Director, Senate Commerce Committee
Nick Rossi Nick Rossi currently serves as the Republican Staff Director of the U.S. Senate Committee on Commerce, Science, and Transportation, working for Ranking Member John Thune of South Dakota. Nick returned to the Commerce Committee in January of 2013, after working for two years as the Republican Staff Director of the Senate Committee on Homeland Security and Governmental Affairs. He previously served as the Commerce Committee’s Republican Chief Counsel and Chief Investigator. Cybersecurity legislation has been a focus of Nick’s work on both committees.
For nearly a decade, Nick has held senior leadership positions in the U.S. Senate working on a variety of national security and criminal law matters. Prior to that, Nick spent eleven years with the Federal Bureau of Investigation as an attorney, special agent, and ultimately as a unit chief in the FBI’s Office of Congressional Affairs. He also spent two years in private law practice, with the Cleveland, Ohio firm of Calfee, Halter & Griswold
David A. Sampson
President & CEO, Property Casualty Insurers Association of America
As president of PCI and its affiliates, Sampson is responsible for leading PCI’s advocacy efforts on state, federal and global regulatory issues affecting the insurance industry. Sampson has increased PCI’s focus on providing data-driven information and thought leadership to policymakers to protect product certainty, promote sound supervision, and enhance solvency protection.
Sampson’s unique combination of extensive financial services and management experience, global insights and political acumen combine to make him a strong leader, and he was named to the Insurance Newscast’s list of the 100 Most Powerful People in the Insurance Industry. Sampson is also president of the Independent Statistical Service (ISS), one of the industry's largest and most trusted statistical agents. Sampson serves on the Board of Directors of the Insurance Institute for Highway Safety and the Insurance Institute for Business & Home Safety. He is also a member of the U.S. Chamber of Commerce’s "Association Committee of 100," a group of CEOs from the nation’s leading trade associations.
Prior to joining PCI in 2007, Sampson served in the George W. Bush Administration in two presidential-appointed and Senate-confirmed positions. From 2005 - 2007, he served as the Deputy Secretary of the U.S. Department of Commerce, the Department’s chief operating officer overseeing its 15 agencies including the National Oceanic and Atmospheric Administration, the U.S. Patent and Trademark Office, the Economic and Statistics Administration, the International Trade Administration, and the U.S. Census Bureau.
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.
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 Committee, 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.
Daniel J. Bradley
President, Indiana State University
Daniel J. Bradley became Indiana State's eleventh president on July 31, 2008. Bradley served as the president of Fairmont State University, located in Fairmont, W.Va., from 2001 until 2008. He previously held a variety of positions at Montana Tech of the University of Montana, including vice chancellor for academic affairs and research, dean of engineering and head of the petroleum engineering department.
A veteran of the US Army, Bradley holds a Ph.D. in physical chemistry from Michigan State University, a master's degree in petroleum engineering from the University of Tulsa and a bachelor's degree in petroleum engineering from Montana College of Mineral Science and Technology. During graduate studies, he spent two years at Oak Ridge National Laboratory performing his research. After graduate school, he was a postdoctoral scholar at the University of California, Berkeley in the Chemistry Department before joining the faculty at Montana Tech.
Dean, Scott College of Business, Indiana State University
Brien Smith is dean of the Scott College of Business at Indiana State University. He was previously associate dean for the Miller College of Business at Ball State University. Smith attained his PhD in industrial/organizational psychology in 1989 from Auburn University. He has 20 years of administrative experience in higher education and has actively participated in university governance. Smith previously served as the chair for the Department of Marketing and Management, assistant to the dean for graduate programs, and vice chairperson of the Department of Management.
Smith has published numerous articles in refereed proceedings and journals, including some of the best journals in the field: Journal of Applied Psychology,Journal of Applied Social Psychology, Group and Organization Management, and Journal of Business and Psychology. He has delivered presentations and speeches at national and international conferences. He has 10 years of leadership experience in the Ball State University Senate, including senate chair (twice) and faculty council chair. He is a coauthor of the current Ball State University Senate Constitution (Senate Reorganization Committee), teaches courses in human resource management, and was named the 1994-1995 Ball State University Teaching Professor (now known as the Excellence in Teaching Award).
Kyle S. Varble
Student and NFI Scholar, Scott College of Business, Indiana State University
Kyle Varble is a junior Networks Scholar at Indiana State University studying Marketing and Supply Chain Management. Within the Networks Professional Development Program, Kyle has taken many leadership roles including Scholarship Recruitment Coordinator, Special Event Team Leader, and Programming Team Committee of the 11th Annual Ethics Conference. Kyle states that the Networks Professional Development Program has specifically been impactful to help him gain the confidence and skills necessary to enter the workforce after graduation.
Around campus Kyle is involved in Pi Kappa Alpha Social Fraternity, Alpha Kappa Psi Business Fraternity, Honors Program, and Sycamore Ambassadors. His favorite moments at Indiana State University were attending ISU’s Alternative Spring Break trips to the Dominican Republic and Costa Rica. Kyle spent this past summer in Prague, Czech Republic where he traveled to 9 other countries. Kyle has recently accepted an internship position at Rolls-Royce in Indianapolis for this upcoming summer where he is looking forward to learning more about international business.
Networks Financial Institute