On October 3, Governor Maura Healey appointed Michael T. Caljouw as the brand new Commissioner of the Massachusetts Division of Insurance coverage (DOI). Beginning November 4, 2024, Caljouw will deliver over 30 years of expertise in insurance coverage legislation, coverage, and regulatory affairs to steer one of many nation’s largest insurance coverage markets.
Public and Personal Sector Expertise
Caljouw has labored in each the private and non-private sectors, most not too long ago as Vice President for State and Federal Authorities and Regulatory Affairs at Blue Cross Blue Defend of Massachusetts. His earlier roles embody Deputy Director, Chief of Employees, and Common Counsel on the DOI. Caljouw has additionally been concerned in crafting legal guidelines on HMO insolvency and price containment measures and has overseen insurance coverage fee choices, mergers, and acquisitions throughout his private and non-private profession.
Imaginative and prescient for the DOI: Stability and Affordability
Governor Healey emphasised that Caljouw’s expertise will assist guarantee equity, stability, and accessibility in Massachusetts’ insurance coverage markets. Caljouw said that his purpose for DOI beneath his administration is to make sure “steady, inexpensive, and clear insurance coverage markets and safeguarding shopper pursuits in Massachusetts.” As Commissioner, he’ll oversee a $70 billion business with greater than 1,400 licensed insurance coverage corporations and 200,000 particular person producers, specializing in the overall stability and financial well being of the state’s insurance coverage market.
