Joel Ario, former insurance administrator of the Insurance Division in the Oregon Department of Consumer and Business Services (“DCBS”), has confirmed that he has accepted the nomination by Pennsylvania Governor Edward Rendell to serve as Insurance Commissioner for Pennsylvania. Ario worked at the DCBS since 1994 and served as insurance administrator since 2000. He previously served as vice president of the National Association of Insurance Commissioners (“NAIC”) and currently chairs the NAIC committee on health insurance. Ario will succeed Randy Rohrbaugh, the acting Pennsylvania commissioner. Rohrbaugh took over in February after Diane Koken, Pennsylvania’s former permanent commissioner, resigned. The Insurance Commissioner oversees the state Insurance Department, which licenses insurance companies and producers, reviews and approves forms and rates, coordinates the takeover, rehabilitation, and liquidation of insolvent and financially troubled insurers, monitors financial solvency of insurers, enforces state laws and regulations and investigates consumer complaints.
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