Obama Names Mike Rothman (’88) to Insurance Regulatory Post
The White House has announced President Obama’s nomination of Mike Rothman (’88) to a seat on the board of directors of the National Association of Registered Agents and Brokers (NARAB). Rothman is the current commissioner of the Minnesota Department of Commerce, having been appointed to that post by Gov. Mark Dayton in 2011. NARAB is an independent nonprofit corporation, established by Congress in January 2015 to streamline insurance sales throughout the 50 states while preserving the states’ ability to protect consumers.
In addition to serving as Minnesota’s commerce commissioner, overseeing the regulation of more than 20 industries, Rothman is a member of the National Association of Insurance Commissioners. From 2002 to 2010, he was a partner at the Minneapolis law firm of Winthrop & Weinstine, where he was co-chair of the Insurance and Financial Services Practice Group, and from 1993 to 2002, he was a partner at Barger & Wolen in Los Angeles. He taught insurance law and regulation as an adjunct professor at the Law School from 2005 to 2007.
Rothman has been recognized for his focus on building financial capability in Minnesotans from kindergarten to retirement, receiving the 2014 Desjardins Financial Education Award for State Government Policymakers from the Credit Union National Association and the 2014 Champions of Retirement Security Award from the Insured Retirement Institute.