Terri Vaughan
Drake University

Dr. Vaughan became Robb B. Kelley Distinguished Professor at Drake University in January 2005, after serving over 10 years as Iowa Insurance Commissioner.  She was the longest serving commissioner in Iowa’s history and served under administrations of both major parties.  During her tenure as commissioner, she was an active member of the National Association of Insurance Commissioners (NAIC), serving as its President in 2002.

Dr. Vaughan’s NAIC activities focused on financial convergence issues, international affairs, and regulatory modernization efforts.  Prior to and following the passage of the Gramm-Leach-Bliley Act, she was the NAIC’s chief liaison with federal banking regulators and served a key role in developing the NAIC’s response to GLBA.  From 2001 to 2003, she chaired the NAIC’s Terrorism Risk Implementation Working Group and worked with the Congress and U.S. Treasury on passage and implementation of the Terrorism Risk Insurance Act of 2002.  She is widely credited with being the architect of the NAIC’s Interstate Insurance Product Regulation Compact.

Since joining Drake, Dr. Vaughan has remained active in national and international issues.  She is Vice Chair of the Regulation Committee of the International Actuarial Association (IAA).  Dr. Vaughan is a director of the Insurance Marketplace Standards Association (IMSA), an organization devoted to ethical practices in the life insurance industry.  She also serves as a trustee of the AICPCU, and a director of the National Council on Compensation Insurance (NCCI), Endurance Specialty Holdings (ENH), and the Principal Financial Group (PFG).  She is currently the President-Elect of the American Risk and Insurance Association (ARIA), the premier academic organization devoted to insurance and risk management.

Dr. Vaughan held previous academic positions at Baruch College of the City University of New York and at Temple University and was employed as a consultant in the risk management and casualty division of Tillinghast, A Towers Perrin Company, where she assisted several companies with risk financing and the administration of risk management programs.  She earned a Ph.D. in risk and insurance at the University of Pennsylvania and a B.B.A. in insurance and economics at the University of Iowa.  She is a CPCU, an Associate of the Society of Actuaries, an Associate of the Casualty Actuarial Society, and a Member of the American Academy of Actuaries.  She is the co-author of two college textbooks on insurance, Essentials of Insurance and Fundamentals of Risk and Insurance.