Mulready Meets With Congressional Delegation

Wednesday, 05 June 2024 07:38

Mulready Meets With Congressional Delegation Featured

Written by Oklahoma Insurance Commissioner Glen Mulready
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WASHINGTON, D.C. – On May 22–23, Oklahoma Insurance Commissioner Glen Mulready joined fellow chief state insurance regulators to advocate on Capitol Hill for consumers and insurance regulatory reforms as part of the 2024 National Association of Insurance Commissioners’ (NAIC) DC Fly-In. 

The annual meeting provided Oklahoma insurance regulators the opportunity to meet with federal policymakers to highlight regulatory developments in insurance, discuss efforts to assist constituents and advocate for state and NAIC priorities. 

“I always appreciate the opportunity to meet with our congressional delegation to discuss the issues that impact our state insurance market,” said Mulready. “This ongoing dialogue is essential to ensuring we protect Oklahoma consumers from any federal overreach and maintain our state-based system for insurance regulation.”

This year, priorities discussed included strengthening property insurance markets and enhancing mitigation and resilience efforts, shielding seniors from financial abuse, protecting policyholders when insurers fail and combatting improper health insurance marketing.

Commissioner Mulready is scheduled to testify in front of the Senate Budget Committee this week regarding homeowners insurance premiums. Oklahoma has experienced an aggressive storm season this year, and Mulready will highlight proactive mitigation and the recent passage of the Strengthen Oklahoma Homes grant program to help with future resiliency efforts of Oklahoma consumers. He will also emphasize the importance of maintaining a robust, competitive free market without burdensome regulation.

 

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The Oklahoma Insurance Department, an agency of the State of Oklahoma, is responsible for the education and protection of the insurance-buying public and for oversight of the insurance industry in the state.

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