Press Releases

• Signed a detailed MOU with the Connecticut Health Insurance Exchange to provide legal, actuarial and technical assistance to the Exchange which has been widely recognized as one of the best performing state run exchanges in the nation;
• Instituted an outreach program utilizing Twitter, Facebook, a You Tube channel, and an award winning television campaign to raise awareness of the CID and the many ways it can assist our citizens;
• Moved to integrate CID seamlessly into the Governor's Emergency Operations Center. Put to the test with Tropical Storm Irene, the major snowstorms, and Super Storm Sandy, with the CID rising to the occasion each time in terms of emergency adjuster licenses, outreach to the public on insurance-related issues, tours of devastated areas (including Cosey Beach the day after Irene) and participating in the Governor's televised press conferences the day Irene blew in;
• Continued to have a vibrant and competitive market in all lines of P/C insurance-in spite of Irene and Sandy being among the most severe storms Connecticut has experienced in many decades;
• After veto of Senate Bill 11 of the 2011 Connecticut General Assembly Regular Session, worked out a compromise on rate hearings for health insurance filings with the legislature, and the Office of Healthcare Advocate;
• Created a dedicated Captive Insurance division headed by John Thomson, one of the most highly respected individuals in the captive industry. The division was recently named one of the best in the nation by Captive Review, a leading trade publication;
• The tragedy at Sandy Hook Elementary School resulted in a unique collaboration with the UConn Health Center and the insurance industry, bringing the issue of mental health treatment to the fore. The CID worked with UConn to create a claims "tool kit" to make it easier on families seeking treatment;
• CID has handled on average 2,200 complaints on health insurance issues each year and recovered nearly $4 million per year for our citizens in the Consumer Affairs Unit;
• Participated as co-chair on the Governor's Long Term Recovery/Resiliency Task Force and in the Shoreline Task Force;
• Convinced all but one major carrier to waive their Hurricane Deductibles and immediately had the CID's 4 year old bulletin changed to eliminate this anomaly in the future (later put into statute by the legislature);
• Instituted a requirement in Connecticut for the filing of a coordinated Climate Change survey;

• Was the only insurance commissioner invited by Congress to testify at the hearing on the Federal Insurance Office's much anticipated Insurance Modernization report before the House Subcommittee on Housing and Insurance;
• Was one of only three insurance commissioners to attend a nearly one hour meeting with President Obama in the Oval Office one year ago tomorrow;
• During his tenure, Commissioner Leonardi has been a member of the NAIC's Life, Property Casualty, Financial Condition, Accreditation (vice chair for two years), and International Relations (chair) Committees, as well Chair of the Financial Stability Task Force, and Chair of the Northeast Zone;
• For three years he was a member of the US Treasury's inaugural Federal Advisory Committee on Insurance;
• Has been an outspoken supporter of the need for the institution of best practices in good governance at the NAIC, including the proposal to hire an outside consultant to conduct a thorough review of the NAIC's bylaws, committee selections, and the role and responsibilities of both the officers and the CEO;

• Is the sole US regulator to have concurrently sat on all three International Association of Insurance Supervisors' (IAIS) Committees: Executive, Technical and Financial Stability;
• The Commissioner has been the leading voice among U.S. insurance regulators on international systemic risk designations, having been the sole US regulator on the IAIS' Financial Stability Committee for three years;
• Connecticut was the first U.S. jurisdiction to be a signatory of the IAIS Multilateral Memorandum of Understanding;
• Has been one of the most vocal opponents of attempts by EU policymakers to require the U.S. to submit to an "Equivalency" evaluation to Europe's Solvency 2, a still as yet untested modernization of the European Union's regulatory framework;
• In 2014, Commissioner Leonardi was among 20 people chosen to serve on the World Economic Forum's Global Council on Insurance and Asset management;
• The department has hosted a number of international regulators and law students, including individuals from Switzerland, Taiwan, Saudi Arabia and Mexico;
• Supervisory Colleges are the among the most important tools in the regulation of large and complex financial institutions, yet when Governor Malloy took office, Connecticut was a participant in only three colleges. Connecticut now participates in more than 15 colleges and leads nine of those, making Connecticut one of the leading jurisdictions in the world in this very important area.

Twitter: @GovMalloyOffice

Facebook: Office of Governor Dannel P. Malloy

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