Panel Solicits Applicants for New Mexico Insurance Regulator

Former State Insurance Superintendent Chris Krahling has been named to a panel that will select New Mexico’s top insurance regulator.

A nine-member committee will select the next superintendent of insurance who, starting in July, will be in charge of an independent office regulating insurance rates and policies.

A voter-approved constitutional amendment removed insurance regulation from the five-member elected Public Regulation Commission, which currently picks the superintendent.

The governor and Legislative Council each appointed four people to the selection committee and those members named Krahling as the ninth. He was insurance superintendent from 1995 to 1998, and later served as CEO of a workers’ compensation insurance company.