Director McRaith led the Department’s investigation into the practice of contingent commission payments by insurers to brokers and negotiated national settlement agreements on behalf of the Department and the National Association Of Insurance Commissioners (NAIC) with insurance producers and carriers. McRaith supervises the solvent run-off of Kemper Insurance Group, the largest insurer run-off in US history.
McRaith’s NAIC-related work ensures that Illinois consumers and domestic industries are nationally represented. McRaith is Chairman of the Property and Casualty (C) Committee, co-Chair of the Rating Agency Working Group, Chairman of the Regulatory Modernization Subcommittee, and serves on the Health Insurance and Managed Care Committee (B), the Financial Condition Committee (E), the International Insurance Relations Committee (G), the Senior Issues Task Force, the Military Sales Working Group, and numerous other task forces and working groups.
He serves as President of the Board Of Directors for the Illinois Comprehensive Health Insurance Plan (a high risk health insurance pool). He directs 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 represented the NAIC at the international Organization For Economic Cooperation And Development (OECD), represents the NAIC on the International Association Of Insurance Supervisors (IAIS) Corporate Governance Subcommittee, and is the NAIC designee to the Joint Forum.
On behalf of the State of Illinois and the NAIC, McRaith has testified before the US Senate Special Committee on Aging, twice before the US Senate Committee on Banking, Housing and Urban Affairs, the US Senate Committee on The Judiciary, the US Senate Committee on Finance, twice before the House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, and the President’s Antitrust Modernization Commission.
McRaith serves on the Executive Committee of the AIDS Foundation Of Chicago and the American Foundation For Suicide Prevention, Chicago Chapter. McRaith received a Bachelor Of Arts Degree from Indiana University in Bloomington and received a law degree from Loyola University School Of Law In Chicago. |
