Therese Michele "Terri" Vaughan (born June 12, 1956) is an American insurance academic, regulator, and advisor. She was

insurance commissioner An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with his or her office, regulate the insurance industry. The powers granted to the office ...

of the state of Iowa for 10 years from 1994 to 2005, and was the CEO of the

National Association of Insurance Commissioners The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territo ...

(NAIC) for four years from February 2009 to December 2012. She is currently executive in residence at

Drake University Drake University is a private university in Des Moines, Iowa. It offers undergraduate and graduate programs, including professional programs in business, law, and pharmacy. Drake's law school is among the 25 oldest in the United States. Hi ...

, having previously been its Robb B. Kelley distinguished professor of insurance and actuarial science, Dean of its College of Business and Public Administration, and director of its Insurance Center.

Early life and education

Vaughan was born in 1956 in Blair, Nebraska. Her father was insurance scholar, academic, and author Emmett J. Vaughan (1934-2004)."Iowa Insurance Educator Vaughan Dies at 69"
''Insurance Journal'', Oct. 27, 2004. She received a BBA in Insurance and Economics from the

University of Iowa The University of Iowa (UI, U of I, UIowa, or simply Iowa) is a public university, public research university in Iowa City, Iowa, United States. Founded in 1847, it is the oldest and largest university in the state. The University of Iowa is org ...

in 1979. In 1985 she received a PhD in Managerial Science, Applied Economics, and Risk and Insurance from the

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...

. She holds the professional insurance designations: Associate,

Society of Actuaries The Society of Actuaries (SOA) is a global professional organization for actuaries. It was founded in 1949 as the merger of two major actuarial organizations in the United States: the Actuarial Society of America and the American Institute of Act ...

(ASA); Chartered Property and Casualty Underwriter (CPCU); Associate,

Casualty Actuarial Society The Casualty Actuarial Society (CAS) is a professional society of actuaries specializing in property and casualty insurance. The two levels of CAS membership are Associate (ACAS) and Fellow (FCAS). Requirements for these levels of membership incl ...

(ACAS); and Member,

American Academy of Actuaries The American Academy of Actuaries, also known as the Academy, is the body that represents and unites United States actuaries in all practice areas. Established in 1965, the Academy serves as the profession's voice on public policy and professional ...

(MAAA).Verisk Analytics, Inc
"Verisk Analytics, Inc., Elects Therese M. Vaughan to Its Board of Directors"
February 20, 2013.

Career

Vaughan was an adjunct assistant professor of insurance at

Temple University Temple University (Temple or TU) is a public state-related research university in Philadelphia, Pennsylvania. It was founded in 1884 by the Baptist minister Russell Conwell and his congregation Grace Baptist Church of Philadelphia then called Ba ...

from January 1983 to December 1985, CBPA Dean Terri Vaughan named key influencer in the insurance industry"Therese M. Vaughan, Ph.D, ASA, ACAS, CPCU, MAA"
News and Events,

. and an assistant professor of economics and finance at

Baruch College Baruch College (officially the Bernard M. Baruch College) is a public college in New York City. It is a constituent college of the City University of New York system. Named for financier and statesman Bernard M. Baruch, the college operates und ...

from January 1986 to May 1987. From May 1987 to July 1988 she was a consultant at the actuarial firm

Tillinghast Tillinghast may refer to: * Tillinghast (surname), an English surname * Tillinghast L'Hommedieu Huston (1867–1938), American businessman, owner of New York Yankees, circa 1915 * Tillinghast Mill Site, a Registered Historic Place in Rhode Island, ...

, in its risk management and casualty division."Endurance Specialty Holdings Names Vaughan to Board"
''Insurance Journal'', Aug. 3, 2005. In August 1988 she was appointed the director of The Insurance Center at

, a position she held through July 1994. She was an assistant professor from 1988 to 1994, and chair of the insurance department from 1990 to 1994. In August 1994, she was appointed

Insurance Commissioner An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with his or her office, regulate the insurance industry. The powers granted to the office ...

of the state of Iowa.Connolly, Ji
"Iowas Terri Vaughan: 10 Years A Regulator"
''National Underwriter Life & Health Magazine'' via Think Advisor, December 15, 2004. She was Iowa's longest-serving insurance commissioner,
''Insurance Journal'', Jan. 15, 2009. serving through both Democratic and Republican state administrations, resigning in December 2004 after 10 years. She also served as president of the

(NAIC) for the year 2002,"Wisconsin’s Deputy Insurance Commissioner Wins National Outstanding Achievement Award"
''Insurance Journal'', Dec. 18, 2002. having been its secretary-treasurer and its vice president in previous years and serving as chair of several NAIC committees.
''Insurance Journal'', Dec. 5, 2000.Therese M. Vaughan 2003"
Iowa Insurance Hall of Fame, 2003. As president, she led a number of key initiatives, including the development of the NAIC's response to the

9/11 attacks The September 11 attacks, commonly known as 9/11, were four coordinated Suicide attack, suicide List of terrorist incidents, terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, ...

, and the creation of an

interstate compact The Dwight D. Eisenhower National System of Interstate and Defense Highways, commonly known as the Interstate Highway System, is a network of controlled-access highways that forms part of the National Highway System in the United States. T ...

for the filing of life insurance and annuity products.Saucer, Carolin
"Regulators Recall Sept. 11, See Progress in Modernization"
''Best Week'', A. M. Best Company Inc., June 17, 2002, p. 9. In January 2005 Vaughan re-joined the faculty of Drake University, as the Robb B. Kelley distinguished professor of insurance and actuarial science. She was president of the

American Risk and Insurance Association The American Risk and Insurance Association (ARIA) is a professional organization whose focus is the study and promotion of knowledge of risk management and insurance. It was formed in 1932 and publishes two journals: ''Journal of Risk and Insur ...

2008–2009, having previously been vice president and program chair, and having been on its board of directors since 2003. In February 2009, leaving academia again, she was appointed CEO of the NAIC, a post she held through November 2012. She pushed for state regulators' rights in the face of the federal government's

Patient Protection and Affordable Care Act The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act and colloquially known as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by Presi ...

and Dodd-Frank Act."Top 25 Living Legends of Insurance"
''PropertyCasualty360''. June 25, 2012. She worked both nationally and internationally, and focused particularly on financial and solvency matters. In 2016 ''Best's Review'' credited her with having "helped steer the organization through the recovery years after the

Great Recession The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At ...

, helping identify, develop, prioritize, and achieve regulatory modernization and other key initiatives" during her tenure as CEO."Briefing: Texas Commissioner's Bid For NAIC Presidency Fails"
"Best's Review", July 2016, p. 51."CBPA Dean Terri Vaughan named key influencer in the insurance industry"
News and Events,

. She also served as a member of the executive committee of the

International Association of Insurance Supervisors The International Association of Insurance Supervisors (IAIS) is a voluntary membership organization of insurance supervisors from over 190 jurisdictions, constituting 97% of the world's insurance premiums. It is the international standards-sett ...

. In 2012 she was chair of the Joint Forum, the international forum of banking, insurance, and securities regulators. In June 2014 she returned to academia, as Dean of Drake University's College of Business and Public Administration through June 2017. She was subsequently appointed Robb B. Kelley visiting distinguished professor of insurance and actuarial science at Drake. and in 2019 she was made Executive in Residence at the university. Vaughan is on the board of directors of Verisk Analytics, is chair of its nominating and corporate governance committee, and is also on its compensation committee and executive committee. She is also on the boards of directors of Wellmark Blue Cross Blue Shield,

AIG American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...

, and West Bancorporation.

Books

Vaughan co-authored, with her father Emmett J. Vaughan, the college textbook ''Essentials of Insurance'' (1995), and since his 2004 death she has continued to revise, expand, and update his college textbook ''Fundamentals of Risk and Insurance''.Lehman, Ra
"Will the NAIC’s CIPR Survive Terri Vaughan’s Departure?"
''Insurance Journal'', Aug. 14, 2012.

Recognition

In 1996 Vaughan received a Distinguished Alumni Award from the University of Iowa. In 2003 she was inducted into the Iowa Insurance Hall of Fame. In 2011 she was ranked #10 in the ''

Modern Healthcare ''Modern Healthcare'' is a twice monthly business publication targeting executives in the healthcare industry. It is an independent American publisher of national and regional healthcare news. The publication is also known for providing statistic ...

'' list of the 100 Most Influential People in Healthcare. In 2012 she was listed in ''National Underwriter'' magazine's Top 25 Living Legends of Insurance. In 2013 she was named a Distinguished Fellow of the

. She was among the Top 50 Women in the Insurance Industry in a 2014 listing by ''Reactions'' magazine, and in 2014 she was also named Insurance Woman of the Year by the Association of Professional Insurance Women (APIW). In 2016 she was named one of 24 Key Influencers in the insurance industry by Best's Review."CAS Members Recognized as Key “Industry Influencers” by A.M. Best"
Casualty Actuarial Society, Aug. 8, 2016.

References

{{DEFAULTSORT:Vaughan, Terri Living people Drake University faculty American women economists University of Pennsylvania alumni University of Iowa alumni Baruch College faculty Temple University faculty American actuaries Women deans (academic) Women heads of universities and colleges Business school deans State insurance commissioners of the United States 1956 births 21st-century American women