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. Hershman has a background as a deputy insurance commissioner and
was the CEO of Immigrant Life Insurance Co. of America. His focus includes improving insurance affordability and availability. The Connecticut Insurance Department, which he now leads, oversees 1,609 licensed companies and ranks fifth in the nation for direct written premiums in the property and casualty insurance sector.
Why It's Important?
Hershman's confirmation is significant for Connecticut's insurance industry, which is a major economic sector in the state. His leadership could influence regulatory approaches, particularly in areas like data-driven modernization and the integration of artificial intelligence in insurance. This could affect how insurance products are developed and priced, impacting both consumers and businesses. The department's oversight of a large number of insurers means that any regulatory changes could have widespread implications for the market and policyholders.
What's Next?
Hershman is expected to continue focusing on regulatory modernization and innovation within the insurance industry. Stakeholders, including insurance companies and policyholders, will be watching for any policy shifts that could affect insurance costs and coverage options. The department's budget and resources will also play a role in how effectively it can implement new initiatives and respond to industry challenges.
