George Nichols III, Executive Vice President, Office of Governmental Affairs
George Nichols is Executive Vice President of New York Life Insurance Company in charge of the Office of Governmental Affairs, which includes all state, federal and international legislative/regulatory and public policy issues for the company. Additionally, he is responsible for New York Life’s Political Action Committee (NYLPAC) and also serves as executive sponsor of a best-in-class leadership program in close partnership with Human Resources.
From October 2001 until April 2003, Mr. Nichols was Senior Vice President in the Agency Department, responsible for overseeing the distribution of New York Life products through approximately 10,000 licensed agents in the United States. From April 2003 to June 2006, Mr. Nichols served as Senior Vice President and Profit Center Head for New York Life Insurance Company, AARP Tampa Operations, the number one direct marketer of life insurance for people ages 50 plus. In June 2006, Mr. Nichols began his work with the Office of Governmental Affairs. Mr. Nichols was named Senior Vice President in charge of the Office of Governmental Affairs and was appointed to New York Life’s Executive Management Committee in January 2007.
Before joining New York Life as a Senior Vice President and Assistant to the Chairman in January 2001, Mr. Nichols was the Commissioner of the Kentucky Department of Insurance. As Commissioner, he regulated Kentucky’s $10 billion insurance industry and was recognized for his expertise in health insurance reform and financial services integration. He served as President of the National Association of Insurance Commissioners (NAIC) and Chairman of the International Relations Committee from 1999 to 2000. In addition to his role as Commissioner, in 1996 he served as Special Adviser to Kentucky’s Governor, advising on health care policy and economic development for the financial services industry. Before becoming Commissioner, Mr. Nichols was the Executive Director of the Kentucky Health Policy Board. In 1993, he was Vice President of Marketing for Athena of North America. In 1992, he was Executive Director of Product Development of Southeastern Group, Inc. (dba Blue Cross and Blue Shield of Kentucky), a promotion from Director of Market Development. From 1989 until 1992, Mr. Nichols was Chief Executive Officer of Central State Hospital in Louisville. Previously, he was Executive Assistant to the Commissioner of the Kentucky Department for Mental Health/Mental Services.
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