In early February, Linda Hall, Alaska’s Division of Insurance Director announced her retirement after nine years at the position. Following her announcement, both insurance regulators and insurance companies alike are praising her efforts during her nine year tenure. In an article from the Insurance Journal discussing her retirement, Director Hall said she looked forward to retirement and spending more time with her family.
Alaska Division of Insurance Director Linda Hall will retire this spring after leading the division for nine years. The search for a new director will begin immediately. “I will continue working through the legislative session, will assist with the transition, and look forward to retirement and time with my family,” said Director Hall.”
Director Hall was well respected by both her peers and insurers her efforts to improve the Alaska insurance market. Under her leadership the sate improved the process of approving and licensing new insurers, with the number of licensed insurers doubling during her time as Director.
“Linda has guided the division with passion and integrity for many years,” said Commissioner Susan Bell. “We seek a candidate who can quickly step into this multi-faceted role and engage employees, the insurance industry, legislators, and the public.”
During Director Hall’s tenure, the division’s financial examination section received an outstanding reaccreditation review, affirming the state’s ability to analyze the financial solvency of insurers. The division currently licenses more than 39,000 producers, a significant increase from the 15,000 that were licensed when Director Hall joined the division in 2003.
Hall’s announcement also brought congratulations from many within the insurance industry. Her efforts to balance consumer protection and market competitiveness were admired by insurance industry experts and she worked well with industry leaders in her efforts to modernize insurance regulation.
The Property Casualty Insurers Association of America issued a statement after Director Hall’s announcement congratulating her on her work.
“We congratulate Commissioner Hall on her service to Alaska’s insurance consumers and thank her for taking a fair approach toward balancing the needs to protect insurance consumers while encouraging a healthy competitive marketplace,” said Kenton Brine, PCI assistant vice president.
“Director Hall led the charge for modernizing insurance regulation in Alaska in 2005, and she has worked with the industry to seek needed changes to the state’s credit scoring law. We wish her all the best in her next endeavors.”
The search for Hall’s successor is ongoing. Hall will remain in her position through the end of the current legislative session.