Contact: Eric Weinstein, 860-297-3864

 

Insurance Commissioner Confers with Connecticut Congressional Delegation

 

Connecticut Insurance Commissioner Andrew N. Mais joined more than 40 of his colleagues from the National Association of Insurance Commissioners (NAIC) last week to highlight important issues for members of Congress. Some of the topics raised were federal reforms to help stabilize health insurance markets, long-term reauthorization of the National Flood Insurance Program (NFIP) and proposals to promote compatibility, accountability and insurance regulator inclusion in international insurance discussions.

“Working with our federal counterparts is important in protecting consumers in Connecticut,” said Commissioner Mais. “Because insurance touches all residents of Connecticut, it is critical that states and the federal government coordinate on insurance issues to best serve our great state.”

Chief state insurance regulators and senior staff from across the country gathered in Washington this week for the 2019 All-Commissioner DC Fly-In. NAIC members spent two days meeting with their congressional representatives and discussing the impact of federal policies in the states and briefing lawmakers on regulatory developments in insurance.

Before meeting their congressional delegations, the regulators met Daniel Kaniewski, Acting Deputy Administrator for the Federal Emergency Management Agency (FEMA), Brian Blase, Special Assistant to the President for Healthcare Policy and James Parker, Senior Advisor to Health and Human Services Secretary Azar.

 

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About the Connecticut Insurance Department: The mission of the Department is to protect consumers through regulation of the industry, outreach, education and advocacy. In FY 2018, the Department recovered more than $4.5 million 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. For every dollar of direct expense, the Department brings in about $8.35 to the state in revenues. In FY 2018, the Department returned more than $145 million in assessments, fees, fines and penalties, and taxes to the state’s General Fund.

 

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