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 convey over 30 years of expertise in insurance coverage regulation, coverage, and regulatory affairs to steer one of many nation’s largest insurance coverage markets.
Public and Non-public Sector Expertise
Caljouw has labored in each the private and non-private sectors, most just lately as Vice President for State and Federal Authorities and Regulatory Affairs at Blue Cross Blue Protect of Massachusetts. His earlier roles embrace Deputy Director, Chief of Employees, and Basic Counsel on the DOI. Caljouw has additionally been concerned in crafting legal guidelines on HMO insolvency and value 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 acknowledged that his objective for DOI below his administration is to make sure “steady, reasonably priced, and clear insurance coverage markets and safeguarding shopper pursuits in Massachusetts.” As Commissioner, he’ll oversee a $70 billion trade with greater than 1,400 licensed insurance coverage firms and 200,000 particular person producers, specializing in the final stability and financial well being of the state’s insurance coverage market.
