Maine Superintendent of Insurance Alessandro Iuppa says he will cut short his term and leave his appointive post Jan. 13, 2007, a few weeks after concluding his presidency with the National Association of Insurance Commissioners.
Iuppa, 53, will step down as the NAIC's head at the group's Dec. 12 annual meeting. The new NAIC president will be Alabama Insurance Commissioner Walter Bell.
Iuppa says he is considering his career options and would not rule out taking a post involving the insurance industry.
A former Nevada insurance commissioner, and insurance industry consultant, Iuppa was first appointed to his Maine post by Independent Gov. Angus King in 1998 and reappointed in 2004 by Democratic Gov. John Baldacci.
Iuppa says he is leaving the job with 2.5 years left on his term because, "with a new legislative session coming in, I felt it was appropriate to make the change now and not leave in the middle of a legislative session." Iuppa says he believes Baldacci will appoint Deputy Superintendent Eric Cioppa to succeed him in an acting capacity.
