CATHERINE J. WEATHERFORD LEAVES NAIC

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Description: National Association of Insurance Commissioners (NAIC) EVP Catherine J. Weatherford abruptly and without warning ceased to work for the Association on July 1, 2008. Two days later, that Association announced that Weatherford would be a paid consultant to the NAIC through September of this year; but at the same time Andrew Beal, deputy executive vice president and chief legal officer, was named acting executive vice president and CEO. It was a convoluted end to a controversial tenure. Just what led to the quick and bungled departure of Weatherford remains a matter for speculation. It is difficult for most observers to believe that she simply decided after 12 years to resign on a Tuesday afternoon. It is true that Weatherford had enemies, but she had very carefully surrounded herself with commissioners and senior staff whose personal loyalty to her was so strong that enemies were never able to do harm to her career.
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