NAIC announces 2008 execs, salaries

The National Association of Insurance Commissioners of Kansas City, Mo. announced the names and salaries of its five top staff members for 2008. Catherine J. Weatherford, executive vice president and chief executive officer, will earn $370,000. She has been a member of the NAIC since 1996, having served as commissioner for Oklahoma from1991 to 1995. Chris Evangel, managing director of the group’s securities valuation office in New York, will make $307,878. He leads NAIC as it monitors the credit quality of insurer investments. Andy Beal, deputy executive vice president and chief legal officer, assists Ms. Weatherford with managing NAIC and provides legal advice. He will earn $262,500. Brett Palmer, director of governmental relations in the NAIC’s Washington office, oversees the group’s government and international relations. He will earn $234,000. Finally, Bob Carcano, senior counsel for the securities valuation office, will make $193,500.