Savage Leaving Oregon Insurance Commissioner Post

After nearly two years as Oregon insurance commissioner, Lou Savage is leaving the division to work on legal reform in emerging democracies overseas.

Laura Cali, the division’s chief actuary and manager of product regulation, will replace Savage effective July 15.

Savage was initially appointed as a temporary replacement to head the Insurance Division, then agreed to serve in the permanent position a year ago.

Both Savage and his wife recently received opportunities overseas.

The division hired Cali in mid-2011 as a casualty actuary specializing in workers’ compensation and medical malpractice. Then a consulting actuary for Towers Watson in San Francisco,she started her career at Liberty Mutual’s home office in Boston, building rating models for workers’ compensation and general liability lines of business.

Source: Oregon Insurance Division