Trageser to resign as head of state car insurance fund

David C. Trageser, the longtime executive director of the Maryland Automobile Insurance Fund, is leaving his position at the end of the month.

Trageser announced his resignation at a quarterly fund board meeting last week, John F. Banghart, deputy executive director of the agency, said yesterday.


After his departure, the board, which oversees Maryland's auto insurer of last resort, will consist predominantly of appointees of Gov. Robert L. Ehrlich Jr.

"When you look at all the changes going on there, I think Dave made the right decision to retire at this point," said Jeffrey R. Ill, an Allstate executive from Illinois who is chairman of the board.


Trageser, a state worker since 1967 and an employee of the fund for 31 years, receives $138,836 a year in the position, state records show.

Ill said a search for a replacement could take up to nine months and that the board will focus on outside candidates rather than those within the agency, which provides coverage to Marylanders who cannot get it on the private market.

No single incident led to the departure, Ill said.

"It's time," Ill said. "Dave has done everything the board has asked him to do."

Trageser was at a conference yesterday and could not be reached for comment.