Governor Scott Walker appointed Ted Nickel of Merrill, Wisconsin, as Commissioner of Insurance for the State of Wisconsin on January 3, 2011. The Office of the Commissioner of Insurance regulates the business of insurance in Wisconsin. The office has a staff of 153 and is responsible for examining industry financial solvency and market conduct, licensing agents, reviewing policy forms for compliance with state legislation, investigating consumer complaints and providing consumer information. In addition to its regulatory duties, the agency administers the State Life Insurance Fund, Local Government Property Insurance Fund, and Injured Patients and Families Compensation Fund.
Prior to his appointment, Commissioner Nickel worked for almost 18 years as Director of Governmental and Regulatory Affairs for Church Mutual Insurance Company in Merrill, Wisconsin. Commissioner Nickel has been actively engaged in insurance industry affairs in Wisconsin serving on the board of directors of the Wisconsin Insurance Alliance including serving as Alliance Board Chair. Commissioner Nickel served on the board of directors of the Wisconsin Insurance Security Fund and the Oklahoma Property Casualty Insurance Guaranty Association, and as a member of the Legal and Government Affairs Committee of the Property Casualty Insurance Association of America. Commissioner Nickel also worked in the Governor Tommy Thompson Administration.
Commissioner Nickel served on the Northcentral Technical College Board of Trustees for six years. While there, he served as secretary/treasurer and participated in a CEO recruiting committee. He chaired the Merrill Parks and Recreation Committee and was vice-chair of the City Planning Commission.
The Commissioner currently serves in various positions for the National Association of Insurance Commissioners. He is chair of the Midwest Zone, a member of the Executive (EX) Committee, Internal Administration (EX1) Subcommittee, and the Governance Review (EX) Task Force, vice chair of the Health Insurance and Managed Care (B) Committee, chair of the Contingent Deferred Annuities (A) Working Group, chair of the Mortgage Guaranty Insurance (E) Working Group, and chair of the Health Care Reform Regulatory Alternatives (B) Working Group. In addition, he is a member of the Life Insurance and Annuities (A) Committee, the Audit Committee, the Consumer Participation Board of Trustees, and the American Indian and Alaska Native Liaison Committee of the NAIC.
Commissioner Nickel earned his Bachelor of Science Degree in Business Administration with a concentration in Finance from Valparaiso University.