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Kansas Insurance Regulator Honored with Dineen National Award

11 Dec, 2008 WorkersCompensation.com

                               
Topeka, KS (CompNewsNetwork) – The National Association of Insurance Commissioners (NAIC) honored a Kansas Insurance Department official with a national award at the NAIC's winter meeting last week.

Larry Bruning, chief actuary at department, was one of two insurance department officials who were awarded the Robert Dineen Award in recognition of outstanding achievement in insurance regulation. The award is the highest individual honor bestowed by the NAIC.

“Larry truly represents the ‘best of the best' in insurance regulation,” said NAIC President and Kansas Insurance Commissioner Sandy Praeger. “His tireless efforts to improve regulatory uniformity and cooperation at the national level through the NAIC — all while maintaining a full workload at the Kansas Insurance Department — have not gone unnoticed.”

Since joining the Kansas Insurance Department in 2003, Bruning has provided leadership, expertise and counsel in a national effort to establish principles-based reserving, which is a new framework for determining life insurers' required capital and reserves.

Bruning has served as chair of the NAIC's Life and Health Actuarial Task Force, and chair of the Accident and Health Working Group, among other NAIC committee assignments.

He also is an active member with the American Academy of Actuaries, serving on the national organization's board of directors.

“I often hear Larry's praises from fellow regulators and industry representatives, among others,” Praeger said. “In particular, they value his thoughtfulness of the issues, professionalism in dealing with difficult matters and overall effectiveness in communicating complex, technical information.”

Bruning, of Topeka, has 29 years of experience as an actuary. He is a Chartered Life Underwriter and a Fellow in the Society of Actuaries. He has also taught actuarial mathematics and statistics at Washburn University, Topeka.


About the NAIC

Headquartered in Kansas City, Mo., the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC's overriding objective is to assist state insurance regulators in protecting consumers and helping maintain the financial stability of the insurance industry by offering financial, actuarial, legal, computer, research, market conduct and economic expertise. Formed in 1871, the NAIC is the oldest association of state officials. For more than 135 years, state-based insurance supervision has served the needs of consumers, industry and the business of insurance at-large by ensuring hands-on, frontline protection for consumers, while providing insurers the uniform platforms and coordinated systems they need to compete effectively in an ever-changing marketplace.

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