Kansas City, MO (April 6, 2022)
ӰƵ Launches Foundation
The ӰƵ (ӰƵ) announces the creation of the ӰƵ Foundation to help individuals obtain skills relevant to the regulation and business of insurance. Scholarships will be awarded to students to fund college education, internships, and apprenticeships.
The ӰƵ Foundation stands for New Avenues in Insurance Careers and will provide financial support to enable students to pursue a fulfilling insurance career either in government or the insurance industry.
“Our goal is to create opportunities for future regulatory insurance professionals,” said ӰƵ President and Director of the Idaho Department of Insurance Dean L. Cameron. “The ӰƵ is leading the way in showing how the public sector can help students of all races, genders, and ethnicities launch meaningful careers.”
The new Foundation will be set up as a Missouri non-profit entity led by a governing body of past ӰƵ members and leaders. ӰƵ Past President and South Carolina Director Ray Farmer, ӰƵ Past President and former Kentucky Commissioner George Nichols III, and former ӰƵ CEO, ӰƵ Past President, and Iowa Commissioner Therese Vaughan have agreed to serve as inaugural officers. The ӰƵ anticipates it will complete the formation of the foundation and start providing scholarships this year. The ӰƵ is committing initial funding to get the new Foundation up and running.
About the ӰƵ
As part of our state-based system of insurance regulation in the United States, the ӰƵ (ӰƵ) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the ӰƵ, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. ӰƵ staff supports these efforts and represents the collective views of state regulators domestically and internationally.