Governor Scott Walker appointed Ted Nickel as Commissioner of Insurance for the State of Wisconsin on January 3, 2011. The Office of the Commissioner of Insurance (OCI) regulates the business of insurance in Wisconsin. OCI is responsible for examining industry financial solvency and market conduct, licensing agents, reviewing policy forms for compliance with state legislation, investing consumer complaints and providing consumer information. In addition to its regulatory duties, OCI administers the Injured Patients and Families Compensation Fund, Local Government Property Insurance Fund, and State Life Insurance Fund. As Commissioner, he serves as the final adjudicator of all OCI administrative actions, vice co-chairs the Governor’s Financial Literacy Council, and serves on the Wisconsin Retirement Board.
In December 2016, Commissioner Nickel was elected as President of the National Association of Insurance Commissioners (NAIC). As President, he serves on the Executive (EX) Committee, Cybersecurity (EX) Task Force, Government Relations (EX) Leadership Council, International Insurance Relations (EX) Leadership Group, and the Internal Administration (EX1) Subcommittee. He is a member of the NAIC American Indian and Alaska Native Liaison Committee and serves on several other NAIC task forces and committees. In addition, he chairs the Mortgage Guaranty Insurance (E) Working Group.
Commissioner Nickel is also a member of the International Association of Insurance Supervisors (IAIS). He is a member of the Executive Committee, Audit and Risk Committee and Chairs the Site Selection Committee.
In August 2014, the Commissioner was appointed to the Federal Advisory Committee on Insurance which serves as an advisory committee to the Federal Insurance Office.
Commissioner Nickel has been actively engaged in insurance industry affairs in Wisconsin. 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. He has served on the board of directors of the Wisconsin Insurance Alliance, including having served as chair. Commissioner Nickel served on the board of directors of the Wisconsin Insurance Security Fund and the Oklahoma Property Casualty Insurance Guaranty Association, as well as having served as a member of the Legal and Government Affairs Committee of the Property Casualty Insurers Association of America.
Commissioner Nickel earned his Bachelor of Science Degree in Business Administration with a concentration in finance from Valparaiso University.