Michael F. Consedine was appointed by Governor Tom Corbett to serve as Insurance Commissioner for the Pennsylvania Insurance Department, and confirmed by the Senate on April 26, 2011. (View the Confirmation Testimony.) Pennsylvania is the 5th largest insurance market in the United States, in terms of premium volume, and the 14th largest insurance market in the world.
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Throughout his legal career, Consedine has concentrated his practice on regulatory and corporate matters involving insurance entities and consumers. From 1995-1999, Consedine served as department counsel for the Pennsylvania Insurance Department, where he represented the department in litigation proceedings and on transactional filings. These matters included major corporate restructurings, development and implementation of legislation permitting financial institutions to engage in the sale of insurance, and several landmark enforcement action cases against insurance companies engaged in illegal geographic discrimination, as well as "churning" of life insurance policies. From 1999 through January of 2011, Consedine practiced with the law firm of Saul Ewing LLP where he was a Partner and Vice-Chair of the firm's Insurance Practice Group.
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Consedine counseled insurance companies, reinsurers, producers, and commercial policyholders in a wide-array of complex insurance regulatory and corporate matters, including landmark demutualizations, mergers and acquisitions, insurance company liquidations and international transactions.
A graduate of James Madison University, Consedine earned his bachelor’s degree in political science and journalism, and is an honors graduate of Widener University School of Law.
Commissioner Consedine has written and lectured on a variety of insurance topics including health insurance reform, insurance insolvencies, corporate governance, and market conduct and financial examinations among others. He has received a number of recognitions for his work in insurance and business including:
Named to "The Best Lawyers in America " list, Insurance Law, Woodward White, 2006 to present.
Named one of "40 Under 40" serving the insurance industry by Business Insurance, October 2004.
Named one of Central Pennsylvania 's "40 Under 40" by Central Penn Business Journal, October 2004.
In November 2011, the U.S. Treasury named Commissioner Consedine as one of the seven regulators to serve on a 15-member Federal Advisory Committee on Insurance which will advise the new Federal Insurance Office on national and international insurance matters.
Consedine is active in his community and serves on a number of charitable boards including Liberty USO and Volunteers of America, Pennsylvania .
The Pennsylvania Insurance Commissioner administers the following:
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Children’s Health Insurance Program (CHIP)
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Catastrophic Loss Benefits Continuation Fund
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Workers' Compensation Security Fund
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Medical Care Availability and Reduction of Error Fund (Mcare)
The Pennsylvania Insurance Commissioner is a member of:
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Pennsylvania Health Care Cost Containment Council
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Children’s Health Insurance Advisory Board
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Underground Storage Tank Indemnification Board
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Anthracite and Bituminous Coal Mine Subsidence Board
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Working Families Task Force
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State Worker's Insurance Fund
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Assigned Risk Plan board member, ex-officio
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PA Fair Plan board member, ex-officio
The Pennsylvania Insurance Department administers the laws of the commonwealth as they pertain to the regulation of the insurance industry and the protection of the insurance consumer. The department monitors financial solvency, licenses insurance companies and producers, reviews and approves rates and forms, and coordinates the takeover and liquidation of insolvent insurance companies and the rehabilitation of financially troubled insurers. The department also investigates and enforces state laws and regulations pertaining to insurance and responds to consumer inquiries through its three regional offices. The department provides the public with information and educational brochures regarding various types of insurance.
