Colorado Insurance Commissioner Jim Riesberg, who led the state through arguably the biggest insurance reform in history, said Friday that he will step down from his post next month, confident his staff can push the final few changes to the state rules across the line before the end of the year.Both insurers and consumer advocates have lauded Riesberg, a former state legislator and former insurance company executive, for his fairness and for his open-door policy that allowed all groups to sit down with him and craft policies for the state to follow after Jan. 1, when federal law dictates that all Americans must purchase health insurance.
Gov. John Hickenlooper’s office and Barbara Kelly, executive director of the Department of Regulatory Agencies that oversees the insurance division, will begin a search for Riesberg’s replacement immediately, as his last day will be July 8. Public Utilities Commission Director Doug Dean, a former House speaker and Colorado insurance commissioner, will serve in Riesberg’s place until an appointment is made. Click here to read the full article as published in the Denver Business Journal.