Elected Insurance Commissioners’ Balancing Act: Constituent vs. Insurer Needs

Balancing needs of constituents and insurers

There are calls from the public, insurers, and legislators for reforms and solutions as the insurance industry battles climate change, the high cost of inflation, and nuclear verdicts. In the crossfire are elected insurance commissioners, who need to balance what their constituents want and elected them to do and what insurers need to do to cover losses adequately. Eleven states elect commissioners, while the other 39 and D.C. are appointed.