Josh Hershman Confirmed as Connecticut's 34th Insurance Commissioner
The Connecticut Insurance Department (CID) has announced that Josh Hershman has been confirmed by the state Senate as Connecticut's 34th Insurance Commissioner. This follows the unanimous approval of Senate Resolution 8, placing Hershman at the helm of one of the nation's major insurance regulatory bodies. He has been serving as interim commissioner since December 2025, following his appointment by Governor Ned Lamont.
Expressing gratitude for his confirmed position, Hershman emphasized his commitment to enhancing insurance affordability and innovation. He stated, "I remain focused on advancing solutions that improve the affordability and availability of insurance across all lines while supporting innovation that strengthens our markets."
Hershman brings significant industry experience, having previously served as CEO of Immigrant Life Insurance Company of America and as executive director of openIDL, focusing on modernizing insurance data exchange. His past roles at CID include deputy commissioner and chief operating officer, where he worked on AI-driven processes and regulatory advancements.
With Hartford known as the "Insurance Capital of the World," Connecticut plays a pivotal role nationally, housing major carriers such as Travelers, The Hartford, and Aetna. The state's insurance sector significantly contributes over $16 billion annually to the economy. As of late 2025, there are more than 1,500 licensed insurers in Connecticut, underscoring its influence in the industry.
Under Hershman's leadership, CID will maintain its status as an NAIC-accredited department focused on solvency oversight, market conduct, rate reviews, and consumer protection. The department will prioritize addressing health insurance affordability, property insurance availability, and climate-related risks. Hershman is committed to continuing the consumer-focused approach of his predecessor while supporting technological advancements in the industry.
His tenure is expected to include active engagement in NAIC and interstate discussions on big data, algorithmic underwriting, and model governance. This involvement highlights the importance of these technologies in underwriting, claims, and marketing within the insurance industry. Hershman's background suggests a strong interest in innovative models, particularly in the life and annuity sectors, ensuring products align with market innovations.
Connecticut aims to strengthen its position as a global hub for insurtech and advanced analytics through collaboration with the CID, the Connecticut Insurance and Financial Services initiative, and the MetroHartford Alliance. Hershman's support for innovation seeks to foster technology-driven models that balance consumer benefit with rigorous oversight and regulatory compliance requirements.