Prior to his appointment, Director McRaith spent fifteen years in private practice as an attorney in Chicago.  Director McRaith represented national and regional financial institutions, including insurers, in finance and finance-related litigation.

Director McRaith guided the Division’s investigation into the practice of contingent commission payments by insurers to brokers and negotiated national settlement agreements on behalf of the Division and the National Association Of Insurance Commissioners (NAIC) with insurance producers and carriers.  McRaith supervises the solvent run-off of Kemper Insurance Group, the largest insurer run-off in US history.  He serves as President of the Board Of Directors for the Illinois Comprehensive Health Insurance Plan (a high risk health insurance pool).

McRaith’s NAIC-related work ensures that Illinois consumers and domestic industries are nationally represented.  Among other committee assignments, McRaith is Chairman of the Health Innovations Working Group, Vice-Chairman of the Property And Casualty Insurance Committee, Chairman of the Industry Liaison Committee, and serves on the Senior Issues Task Force, the Market Regulation And Consumer Affairs Committee, the Reinsurance Task Force, the Climate Change and Global Warming Task Force and the NAIC Audit Committee.

He directs the State’s Senior Health Insurance Program (SHIP), and has actively participated in developing and advocating for Governor Blagojevich’s health insurance modernization initiatives.

McRaith represented the NAIC at the international Organization For Economic Cooperation And Development (OECD) in Paris.  McRaith testified on behalf of the NAIC before the US Senate Committee On Banking, Housing and Urban Affairs regarding renewal of the Terrorism Risk Insurance Act.  He testified on behalf of the NAIC before the US Senate Committee On The Judiciary and the President’s Antitrust Modernization Commission, in both instances describing the consumer protections and benefits of state-based insurance regulation afforded by the McCarran-Ferguson Act.  McRaith also testified before the US Senate Committee On Finance regarding marketing and sales abuses by Medicare Advantage and prescription drug plans.  McRaith recently testified for the NAIC before the House Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises regarding the Insurance Information Act of 2008.

McRaith serves on the Executive Committee of the AIDS Foundation Of Chicago and the American Foundation For Suicide Prevention, Chicago Chapter.  McRaith received a Bachelor Of Arts Degree from Indiana University in Bloomington and received a law degree from Loyola University School Of Law In Chicago.