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Press Releases - April 3, 2018

 Contact: Donna Tommelleo, 860-297-3958
Commissioner Wade Appoints Paul Lombardo
As New Life and Health Director

Insurance Commissioner Katharine L. Wade today announced that longtime Department insurance actuary Paul Lombardo has been named the new director of the Life & Health Division.

“Paul has done exceptional work for the Department on behalf of consumers. He has demonstrated solid leadership and the ability to effectively communicate and collaborate across divisions and with the many groups outside the Department, including the Administration, the federal government, lawmakers, advocates and the industry,” the Commissioner said. “Paul has gained the respect of all those with whom he has worked.”

The Life & Health division reviews licensed health insurers’ group and individual life, health and annuity insurance contracts for compliance with state laws and regulations before they can be marketed in Connecticut. The division also conducts actuarial reviews on rate filings for HMO products, individual and small group health policies, group and individual long term care and Medicare supplement insurance.

Lombardo has been with the Insurance Department for more than 21 years and replaces former Director Mary Ellen Breault, who recently retired. Lombardo earned a degree in actuarial science from the University of Connecticut. He is an Associate of the Society of Actuaries and a member of the American Academy of Actuaries.

About the Connecticut Insurance Department: The mission of the Connecticut Insurance Department is to protect consumers through regulation of the industry, outreach, education and advocacy. The Department recovers an average of $4 million yearly on behalf of consumers and regulates the industry by ensuring carriers adhere to state insurance laws and regulations and are financially solvent to pay claims. The Department’s annual budget is funded through assessments from the insurance industry. Each year, the Department returns an average of $100 million a year to the state General Fund in license fees, premium taxes, fines and other revenue sources to support various state programs, including childhood immunization.
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