Geithner Names McRaith To Head Insurance Office

Law360, New York (March 17, 2011, 7:23 PM EDT) -- U.S. Treasury Secretary Timothy Geithner has tapped Illinois Department of Insurance Director Michael McRaith to head the newly created Federal Insurance Office.

Geithner announced that he would be appointing McRaith as the first director of the advisory and information-gathering office during a meeting of the Financial Stability Oversight Council.

McRaith brings a “huge amount of expertise and judgment,” Geithner said during the meeting of the panel charged with monitoring and responding to risks in the U.S. financial system.

“I’m pleased he’s willing to come join this...
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