Member of the board: Mike Pickens
Former Arkansas Governor and 2008 presidential candidate Mike Huckabee appointed Mike Pickens Arkansas Insurance Commissioner two(2) times. Mike served two(2) terms as commissioner, from January 1997-January 2005.
Under Pickens’s leadership the Arkansas Insurance Department was recognized by BEST’S REVIEW, AM Best’s magazine, to be one of the five(5) most progressive state insurance regulatory agencies in the United States. The Arkansas DOI also earned accreditation from the National Association of Insurance Commissioners’ (“NAIC”) two(2) times, and won the NAIC Technology of the Year Award for its cutting-edge use of technology and for being the first state to implement all the NAIC technology modernization initiatives.
Mike served as NAIC secretary-treasurer, vice president and then, in 2003, as NAIC president. Representing Arkansas at the NAIC, Mike was the chair of the International Insurance Relations Committee, where he worked closely with the United States government and regulators all over the world — most notably China, India, Japan, Vietnam, Egypt, Poland, Latin America and many others. Mike also served as chair of the USA Patriot Act Compliance working group. Pickens worked on a wide variety of issues affecting consumers and the industry and testified before Congress. Mike was and remains a strong supporter of state regulation of the business of insurance.
From April-June of 2004, Mike worked in Baghdad, Iraq with the United States government, the Coalition countries, BearingPoint and local Iraqi business persons to draft a new insurance law for Iraq, as well as mandatory and permissive regulations. In addition, Mike and his British colleague worked to create the Insurance and Reinsurance Association of Iraq, to help create a new independent, insurance regulatory agency (“the Diwan”), and to educate Iraqi insurance executives and their employees concerning the new law and regulations. The Coalition Provisional Authority and Iraqi Interim Government approved the new law in the Summer of 2004, and the new Iraqi Government passed and began implementing the law in 2005 March.
Mike currently is a partner in the Little Rock, AR law firm of Friday, Eldredge and Clark, where he practices primarily in the areas of financial services regulatory law and governmental relations.
Mike serves on a number of insurer boards, and is a member of the board of directors of the Federal Crop Insurance Corporation, where he is serving his second term. Mike is a member of the board of trustees of Faulkner University in Montgomery, AL.