If the intersection of politics and insurance isn’t something you usually dwell on, you might want to set this aside. But if you’re curious about how political choices directly affect the premiums you pay, read on.

A Historical Connection

Historically, the role of insurance commissioner was an appointed position. Today, although many states have moved toward elections, the roots remain deeply intertwined with the governor’s office. Since governors are elected by the people, the insurance commissioner often reflects the same political and fiscal philosophies as the governor. This connection means that the regulatory decisions affecting your insurance are, in part, a direct result of the political values of those in power.

The Crucial Role of the Insurance Commissioner

The responsibilities of a state’s insurance commissioner extend far beyond routine oversight. They include:

• Regulating Insurance Companies: Ensuring that companies operate fairly and responsibly.
• Consumer Protection: Safeguarding your interests by enforcing industry standards.
• Rate and Underwriting Approvals: Directly influencing the cost of your insurance premiums.
• Licensing Agents and Brokers: Maintaining high professional standards across the industry.
• Financial Oversight and Enforcement: Conducting market examinations, handling consumer complaints, and more.

In states like California—with nearly 40 million residents and an economic footprint that ranks among the largest in the world—the importance of a knowledgeable and experienced commissioner cannot be overstated. Despite this, the role often doesn’t receive the public attention it deserves, partly because these elections are frequently held outside the high-turnout presidential cycle.

The Stakes Are High

Consider these figures: In 2021, over $1.32 trillion in insurance premiums were paid in the United States, supporting nearly 3 million jobs and comprising almost 6,000 companies with a combined $9.5 trillion in invested assets. The scale of this industry highlights why the insurance commissioner—a key regulator and consumer advocate—is a pivotal role.

Whether appointed or elected, the commissioner is a powerful figure whose actions impact the regulatory landscape, influencing everything from pricing to consumer protections. In states where political appointments dominate, behind-the-scenes discussions and promises can shape policy just as much as public votes in elected offices.

Your Role in Shaping the Future

The takeaway is clear: educate yourself, ask questions, and vote wisely. The insurance commissioner’s decisions affect not just the regulatory environment but the very cost of your insurance. This isn’t a peripheral role—it’s a position of significant influence that impacts millions of consumers.

• Stay Informed: Learn about the candidates and understand their positions on insurance regulation.
• Engage Actively: Participate in discussions, attend community forums, and demand transparency.
• Vote with Purpose: Recognize that your vote is a direct investment in the future of your insurance landscape.

At CSIA, we believe that a well-informed electorate is vital for a robust, fair, and efficient insurance industry. Your vote is your voice—make it count.