April 29, 2021
Regulators Engage in a Virtual Dialogue with Bermuda Monetary Authority
The Ï㽶ÊÓƵ and the Bermuda Monetary Authority (BMA) held a virtual meeting to discuss strategic priorities on issues of mutual regulatory interest. Participants from Ï㽶ÊÓƵ leadership included David Altmaier, Ï㽶ÊÓƵ President and Commissioner, Florida Office of Insurance Regulation; Dean L. Cameron, Ï㽶ÊÓƵ President-Elect, and Director, Idaho Department of Insurance; Chlora Lindley-Myers, Ï㽶ÊÓƵ Vice President and Director, Missouri Department of Commerce and Insurance; Andrew N. Mais, Ï㽶ÊÓƵ Secretary-Treasurer and Commissioner, Connecticut Insurance Department; Gary D. Anderson, Chair, Ï㽶ÊÓƵ International Insurance Relations (G) Committee and Commissioner, Massachusetts Division of Insurance; and Michael F. Consedine, Ï㽶ÊÓƵ Chief Executive Officer (CEO). The Ï㽶ÊÓƵ provided updates on a variety of its initiatives, including climate and resilience, the Ï㽶ÊÓƵ Reciprocal Jurisdiction Framework, global Insurance Capital Standard (ICS) comparability, the State Ahead strategic plan, and responses to COVID-19.
About the Ï㽶ÊÓƵ
As part of our state-based system of insurance regulation in the United States, the Ï㽶ÊÓƵ (Ï㽶ÊÓƵ) 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 Ï㽶ÊÓƵ, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. Ï㽶ÊÓƵ staff supports these efforts and represents the collective views of state regulators domestically and internationally.