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NEWS RELEASEREED: CANDIDACY FOR INSURANCE COMMISSIONER IS OFFICIALPosted: March 6, 2008 Gene Reed Jr., an Insurance Department director of market conduct and analysis, has filed to run as a Democrat for Delaware insurance commissioner. Reed has served under commissioners of both political parties during 23 years in the department. He plans to continue and expand on strong consumer advocate programs and cutting-edge insurance reforms that will build on the successful tenure of current Commissioner Matt Denn, a Democrat who is vacating the office to run for lieutenant governor. “As a member of Matt Denn’s staff, I believe I have the unique capabilities to continue fighting for the rights of Delawareans when it comes to insurance issues,” Reed said. “I will continue to be extremely creative and aggressive when it comes to consumer-related regulatory initiatives. That approach will result in healthy debates and force all affected parties to be accountable to their positions and public responsibilities.” Reed has been endorsed by state Sen. Karen Peterson, a Stanton Democrat. “In working with Gene, it’s easy to see why he would make a great insurance commissioner. He not only has an excellent grasp of the issues, but he understands how important it is that Delawareans have someone as commissioner who will defend their interests,” Peterson said. Reed was named “Regulator of the Year” in 2000 by the Securities and Insurance Licensing Administrators. ### |
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