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October 6, 2005
Mayor Appoints Thomas Hampton Acting Commissioner of DISB
(Washington, DC) DC Mayor Anthony Williams appointed Mr. Thomas Hampton as the Acting Commissioner of DC's Department of Insurance, Securities and Banking (DISB) on September 30, 2005, succeeding Commissioner Lawrence Mirel, who left recently for private practice after serving in that position for six years.
A veteran of DISB since 1988, Mr. Hampton most recently held the position of Deputy Commissioner and was responsible for organization-wide policy development and program execution, as well as technical oversight of the insurance, securities, banking and fraud investigation activities. In 2004, Mr. Hampton was responsible for the merger between the former Department of Insurance and Securities Regulation and the Department of Banking and Financial Institutions, creating DISB, one of the few agencies in the country that regulate the financial services industries in one department.
"DISB will continue to encourage financial services companies, especially captive insurance companies and risk retention groups to locate in the District of Columbia, whose high concentration of attorneys, accountants, actuaries, and other professionals makes it a perfect location for financial services companies," said Hampton. "We'll also work to protect and educate consumers about fraud and scam by unscrupulous companies and to ensure that whoever operates in DC abides by the law." Another priority of his is to work with city officials to find innovative ways of addressing uninsured health insurance concerns of residents.
Prior to joining DISB, Mr. Hampton had extensive experience in the insurance industry, especially in property and casualty insurance. He managed the accounting and financial activities of captive insurance companies in Bermuda and Cayman Islands for Cigna Worldwide in New York, and was a supervisor in General Accounting with the American International Group (AIG).
Mr. Hampton has a B.S. in accounting from North Carolina Central University and an MBA from St. Johns University in New York. He is a certified public accountant and certified financial examiner. |
