A man from Berlin was recently honored with the highest award in his industry.
Paul Lombardo, director of the Connecticut Insurance Department’s Life & Health Division, was the recipient of the Robert Dineen Award, presented by the National Association of Insurance Commissioners (NAIC) during its Fall National Meeting.
The Berlin resident told the Herald he has worked for the state since 1996 and was proud to accept this honor, which is the most prestigious award available to state insurance regulators.
“It’s very gratifying; I’m honored and very appreciative,” Lombardo said.
CT Insurance Commissioner Andrew Mais made the announcement following the meeting, where Lombardo was recognized along with two other insurance regulators from other states.
“Paul has been integral not just to CID’s success, but to state insurance regulation in general, selflessly sharing his time and talent to help address some of the thorniest issues facing us as regulators,” Mais said. “While we will always be in his debt, this award is one way of saying thank you.”
Fellow recipients were Hawaii’s Gordon Ito and Virginia’s Doug Stolte.
NAIC President Ray Farmer said all three regulators are committed to the organization’s mission.
“Their decades of experience have helped shape the modernization of state-based regulation in their respective divisions,” Farmer said. “Their work has made an impact that will endure for years, upholding the objectives of the industry.”
Lombardo served as Chief Actuary for his division from 1997 to 2018, when he was named director. The Life & Health Division reviews and analyzes state and federal legislation, including the Patient Protection and Affordable Care Act. Lombardo also leads a sub-group for the Limited Long-Term Care Insurance Model.
The award was established in 1989 and named in honor of Robert Dineen, founder of the NAIC’s Support and Services Office.
Lombardo is one of several Connecticut-based professionals to have received this honor over the years.
“We are very fortunate as a department to have the rich history of insurance in the state of Connecticut and the talent level we can pull from insurance companies to staff the department,” Lombardo said. “I believe it’s second to none, given the fact we are still the insurance capital of the world.”
During the NAIC’s recent election of officers, Mais was appointed Secretary and Treasurer effective Jan. 1, 2021.
The organization provides data, expertise and analysis for insurance commissioners in the United States, necessary in order to regulate standards and protect consumers. Regulators establish best practices, conduct peer reviews, and coordinate regulatory oversight of the insurance industry.
Erica Drzewiecki can be reached at firstname.lastname@example.org.