Jim Armstrong Inducted into the Iowa Insurance Hall of Fame

Des Moines, Iowa – The Iowa Insurance coverage Division is happy to announce that Jim Armstrong was just lately inducted into the Iowa Insurance coverage Corridor of Fame in a ceremony held in Altoona on October 18, 2022.  Armstrong was a long-time Deputy Commissioner and Chief Examiner on the Iowa Insurance coverage Division.

“It’s nice to see Jim’s lifetime of fantastic work being honored,” Iowa Insurance coverage Commissioner Doug Ommen stated.  “The standard of Jim’s management and his eager understanding of economic points led him to be properly revered by these he labored with and controlled in Iowa, along with his friends nationally on the NAIC, and with worldwide regulators.”

Because the Iowa business expanded its footprint internationally, Armstrong was instrumental within the improvement of relationships with fellow worldwide solvency regulators.   Armstrong has been described as a useful useful resource throughout the U.S. Solvency Modernization Initiative on the Nationwide Affiliation of Insurance coverage Commissioners (NAIC).   A couple of highlights of Armstrong’s management in Iowa, embody the profitable demutualization of Principal Monetary Group, his normal setting regulatory oversight work that maintained the solvency of the Iowa insurance coverage business whereas navigating new forms of insurance coverage possession, and the event of revolutionary options that allowed the Iowa business to stay aggressive with their friends.  

Armstrong retired from the Iowa Insurance coverage Division in 2020 after serving Iowans for 36 years.  Throughout his tenure, Armstrong served as Deputy Insurance coverage Commissioner and Chief Examiner beneath 4 insurance coverage commissioners (Therese Vaughan, Susan Voss, Nick Gerhart and Doug Ommen).

The Iowa Insurance coverage Corridor of Fame was created to rejoice and acknowledge insurance coverage leaders whose excellent contributions and management assist type the spine of Iowa’s insurance coverage business.  Armstrong joins three previous Iowa Insurance coverage Division inductees:   Therese Vaughan, Susan Voss, and Jim Mumford.

Picture courtesy of the Iowa Insurance coverage Corridor of Fame.

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