What's Happening?
The Connecticut Senate has confirmed Josh Hershman as the state's 34th insurance commissioner. Hershman, who has been serving in an interim capacity since December 2025, succeeds Andrew N. Mais, who retired after nearly seven years in the role. Hershman has a background
as a former deputy insurance commissioner and was the CEO of the Immigrant Life Insurance Co. of America. His confirmation is seen as a continuation of his efforts to improve insurance affordability and availability while fostering innovation in the market. The Connecticut Insurance Department, which Hershman now leads, oversees 1,609 licensed companies and is a significant player in the national insurance landscape, ranking fifth in the nation for direct written premium.
Why It's Important?
Hershman's confirmation as insurance commissioner is significant for Connecticut's insurance industry, which is a major economic sector in the state. His leadership is expected to influence regulatory practices and policies that could affect both consumers and insurance providers. By focusing on affordability and innovation, Hershman aims to enhance the competitiveness of Connecticut's insurance market. This could lead to more consumer-friendly policies and potentially attract more business to the state. The department's oversight of a large number of companies underscores its role in shaping the insurance landscape, which is crucial for economic stability and growth in Connecticut.
