Eric Cioppa, deputy superintendent of the Bureau of Insurance, Department of Professional and Financial Regulation, Maine, has been appointed as acting superintendent effective immediately. Cioppa replaces former Superintendent Mila Kofman who resigned recently from the post.
The Maine Bureau of Insurance regulates the insurance industry to protect and to serve the public. In addition, to implementing Maine insurance regulation, Cioppa will be responsible for ensuring insurance companies are financially solvent and are able to pay claims.
"Acting Superintendent Cioppa has the experience and qualifications to ensure that Maine's insurance regulation will continue without interruption. A seamless transition is important to insurance companies, who need to be treated fairly and efficiently, and to Maine consumers, who need the information and protections offered by the Bureau of Insurance," said Governor LePage.
Cioppa joined the Bureau of Insurance in 1988 as a statistician III and served as the Supervisor of the Workers' Compensation Section prior to becoming Deputy in 1998. He is responsible for the Examination, Market Conduct, Financial Analysis, Alternative Risk Markets, Producer Licensing, Administrative Support Unit, and Research and Statistics Units of the Bureau. Currently, Cioppa serves as co-chair of the National Association of Insurance Commissioners and International Association of Industrial Accident Boards and Commissions joint working group. He also is currently the co-chair of the National Association of Insurance Commissioners Advisory Organization Exam Oversight Group.
"The Bureau of Insurance plays an important role in making sure companies can sell their insurance products in Maine so that consumers' can benefit from a competitive market while ensuring that they are treated in a fair manner. The Bureau's knowledgeable and experienced staff will work hard to make this transition to a new superintendent smooth and successful," said Cioppa.
Cioppa received his BA from Potsdam State University and his MBA from Clarkson.
