Thomas E. Hampton, the former commissioner of the District of Columbia Department of Insurance, Banking and Securities (DISB), has taken a job about two miles away from his old office.
Hampton has joined law firm Sonnenschein Nath & Rosenthal LLP as a senior advisor in its insurance regulatory practice. He will work in the firm’s Washington, D.C., office on K Street.
Gary Hernandez, chair of Sonnenschein’s insurance regulatory practice, said Hampton’s “insight and experience make him a tremendous resource for our clients.
“As commissioner, Tom oversaw every aspect of the agency responsible for regulating all of D.C.’s financial service industries, including insurance companies, D.C. chartered banks and securities firms. He was also responsible for enforcing all of the district’s laws relating to financial services activities,” Hernandez said in a statement.
According to Sonnenschein’s website, the firm’s insurance regulatory practice advises clients in every segment of the insurance industry and helps regulated entities “manage their operations, address current issues and undertake strategic planning.”
Hampton joined DISB in 1988 and in May 2006 was named as commissioner of the agency. In August, he was dismissed by the mayor’s office and replaced with Gennet Purcell, who was recently confirmed by the D.C. Council as Hampton’s successor.
Sonnenschein said the firm will benefit from Hampton’s work to increase the number of captive insurance companies and risk retention groups operating in the District and developing health insurance coverage options for the uninsured. The firm also highlighted his work with the National Association of Insurance Commissioners (NAIC) regarding accounting and actuarial issues, including the principles-based reserving working group and the capital and surplus relief working group.
“Sonnenschein is a thought leader in the insurance regulatory industry, and I’m extremely enthusiastic about helping the firm expand its world-class practice into the D.C. market,” Hampton said in a statement.