CAPE GIRARDEAU, Mo., Dec. 21, 2015 — For the first time in 60 years, a Missourian will be leading the country’s national organization of bipartisan state insurance regulators. Southeast Missouri State University alumnus John Huff was elected president of the National Association of Insurance Commissioners (NAIC) on Nov. 22, 2015.
“The NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories,” Huff said. “Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.”
He will assume the duties of NAIC president on Jan. 1, 2016. The NAIC is based in Kansas City and employs more than 570 employees.
John is currently the director of the Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP), a title he will retain while serving as NAIC president. He was appointed to his position in Missouri by Gov. Jay Nixon in 2009. John leads the largest consumer protection agency in the state, which regulates the $34 billion insurance industry, the $112 billion state-chartered financial institutions and half a million professionals who impact Missourians’ lives daily.
Throughout his tenure as Director, John has served in several leadership roles with the NAIC, including his 2010 appointment to the U.S. Financial Stability Oversight Council. He served two terms on the council and was the first state insurance regulator to be appointed by the NAIC. The council was created by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.
In his new role with NAIC, John says, “I will continue to make sure states’ insurance systems are keeping up with the times, both in the services they cover and the protections they provide. I’m a firm believer in our system of state-based regulation rather than a top-down federal system that stifles innovation and flexibility. I look forward to helping states strengthen their own systems while modernizing to meet the changing needs and expectations of consumers.”
At Southeast, John earned a Bachelor of Science in Business Administration with an emphasis in management. He continued his education at Saint Louis University where he obtained his Master of Business Administration (MBA). He continued his education further at Washington University in St. Louis where he completed law school and received a Juris Doctorate.
Formerly of Potosi, Missouri, and currently residing in Columbia, Missouri, John truly loves the work he does as Missouri’s DIFP director.
“As the director of the Missouri Department of Insurance, Financial Institutions and Professional Registration, I work with a talented team of professionals to protect consumers and to ensure our insurance markets are fair, competitive and strong. Promoting financial literacy and product knowledge are key,” he says.
During his time at Southeast, John served on the University Judicial Board and was a student employee in Publication Services. He also was a member of the Golden Eagles Marching Band during his first two years on campus.
To Southeast students he offers this advice:
“Southeast is a great school. Sure it is relatively affordable and accessible but it offers so much more. Faculty, students and staff all possess this wonderful, Midwestern work ethic. My advice is for you to embrace it. It will serve you well when competing globally in whatever your given field,” he says.