Therese (Terri) Vaughan

Dr. Vaughan became the CEO of the National Association of Insurance Commissioners (NAIC) in February 2009.  As CEO, Dr. Vaughan oversees the operations of the NAIC in its efforts to support U.S. insurance regulation and serves as the NAIC’s chief spokesperson in Washington.

Prior to her current position, Dr. Vaughan was the Robb B. Kelley Distinguished Professor at Drake University, where she focused on the regulation and management of financial institutions.  From 1994 to 2004, she was the Iowa Insurance Commissioner.  She was the longest serving commissioner in Iowa’s history and served under the administrations of both major parties.  She was NAIC President in 2002. 

Dr. Vaughan has had a long-term interest in financial convergence issues, international developments in supervision and regulation, and regulatory modernization.   From 1999 to 2004, she was a member of the Joint Forum, a Basel-based group of banking, insurance, and securities supervisors created to address cross-sectoral and financial conglomerate issues.  During that period, she was also the NAIC’s chief liaison with U.S. banking regulators and an active member of the IAIS.   

Dr. Vaughan earned a Ph.D. in risk and insurance at the University of Pennsylvania and a B.B.A. in insurance and economics at the University of Iowa.  She is a CPCU, an ASA, an ACAS, and a MAAA.   She is the co-author of two college textbooks on insurance, a past editor of the Journal of Insurance Regulation, and the Immediate Past President of the American Risk and Insurance Association (ARIA), the premier academic association devoted to the study and promotion of knowledge about risk management and insurance.