Nat Shapo graduated cum laude from both The Law School and The College of The University of Chicago. As Director of the Illinois Department of Insurance his work has been recognized both locally (Crain's Chicago Business's "40 Under 40") and nationally (Best's Review Magazine's "Renaissance Regulator").
As Director, he promulgated regulations which govern the Department's enforcement of the Illinois Patients' Rights Act of 1999. He strengthened the Department's ability to oversee an increasingly complex industry by successfully lobbying the General Assembly for a significant increase in the Department's staffing budget. He also sought and obtained passage of laws that eliminate the use of race as a factor in life insurance rating practices; that reform and ensure greater accountability in the corporate governance of insurance companies; and that monitor and provide civil redress against organized insurance fraud.
Nationally, Director Shapo chairs the National Association of Insurance Commissioners' Functional Regulation Working Group, which, in cooperation with Congress and federal banking regulators, is defining the regulatory boundaries shaped by the new financial services marketplace and the Gramm-Leach-Bliley (Financial Services Modernization) Act of 1999. He also chairs the NAIC's Holocaust Task Force, which seeks payment of unpaid Holocaust-era insurance claims.