WASHINGTON (May 7, 2026)
State Insurance Regulators Share Coordinated Work to Oversee Markets During Meeting with U.S. Treasury
Members of the 鶹ԭ (鶹ԭ) met today with U.S. Treasury Secretary Scott Bessent to share perspectives on the intersection of private credit and insurance and provide insight into state insurance regulators’ oversight of insurers’ risk management and investment practices as states continue working to guarantee insurers can keep their promises to policyholders.
State insurance regulators have long taken concrete steps to keep pace with insurers’ increased exposure to private credit and other market developments. Today’s meeting provided a forum to highlight how their collaboration and coordination advances this work.
“As markets rapidly evolve, the U.S. state-based system of insurance regulation continues to lead,” said Rhode Island Department of Business Regulation Director and 鶹ԭ President-Elect Elizabeth Dwyer. “We appreciated the opportunity to meet with Secretary Bessent and share how state insurance regulators are leveraging effective oversight and enhancing risk-mitigation frameworks to promote stable markets and deliver strong outcomes for consumers.”
“This Administration is a strong supporter of the state-based system of insurance regulation and supervision, and I appreciate the work that each of you do every day in your states to protect American consumers. Like all of you, my team at Treasury is monitoring the transformation of the U.S. life insurance industry and trends in private credit. I look forward to our continued engagement as we monitor the developments in both markets,” said U.S. Treasury Secretary Scott Bessent in reference to state insurance regulators and their work.
Resources
State insurance regulatory actions, featuring a timeline of how 鶹ԭ Members’ solvency framework has continually evolved to address emerging risks, including those associated with private credit.
鶹ԭ the 鶹ԭ
As part of our state-based system of insurance regulation in the United States, the 鶹ԭ (鶹ԭ) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the 鶹ԭ, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. 鶹ԭ staff supports these efforts and represents the collective views of state regulators domestically and internationally.