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Kiplinger
Kiplinger
Business
Karl Susman, CPCU, LUTCF, CIC, CSFP, CFS, CPIA, AAI-M, PLCS

What Impact Does Politics Have on Insurance?

A button that says vote.

If you feel as if your political view is encroaching on more and more of your life and this troubles you, perhaps stop reading now. If instead you’d like to find out how politics plays a significant role in the premium you pay for your insurance policies, then you guessed it, we’re off to the races.

Let’s start out with a little history. Historically, the position of insurance commissioner was one that was appointed. Although that may sound like you have little choice in the matter, the appointee is the governor of the state. All states in this country elect their governor. Therefore, whoever takes the role of the state’s insurance commissioner is directly connected to who resides in the governor’s mansion.

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