March 12, 2025
U.S. Insurance Commissioners Discuss Regulatory Risks at Bermuda Risk Summit
From March 10–12, U.S. state insurance commissioners participated in the Bermuda Risk Summit 2025.
鶹ԭ Vice President and Rhode Island Department of Business Regulation Director Elizabeth Kelleher Dwyer and 鶹ԭ Immediate Past President and Connecticut Insurance Commissioner Andrew N. Mais joined the panel “Risk and Regulation in an Evolving Global Landscape,” where they highlighted their insights into key regulatory challenges on such issues as group supervision, cross-border reinsurance, the retirement gap, and climate risk and resiliency.
鶹ԭ Secretary-Treasurer and Utah Insurance Commissioner Jon Pike participated in the panel “Maximising Capital and Capacity for Resilient Market Strategies,” where he discussed the 鶹ԭ’s new Risk-Based Capital (RBC) Task Force and other work U.S. state insurance regulators are doing to address the shifting investment landscape.
On the panel “Risky Business: No More Minor Perils?” Louisiana Insurance Commissioner Tim Temple discussed “secondary perils” and how they are reshaping the insurance landscape.
California Insurance Commissioner Ricardo Lara delivered a keynote address exploring the impact of California’s wildfire crisis on insurance and regulation and how innovative reinsurance solutions – including those from Bermuda – can help stabilize markets.
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.