Governor Patrick Names Joseph G. Murphy Commissioner of Division of Insurance
Murphy has served as First Deputy Commissioner of the Division of Insurance since 2006, playing active roles in the implementation of the Patrick-Murray Administration's successful auto insurance reform and the day-to-day operations of the Division, its 130 employees and $12 million budget. Murphy has been serving as Acting Commissioner since September 2009, following the departure of Commissioner Nonnie Burnes.
"Joe deserves a significant amount of credit for the success of managed competition and is a leader in our efforts to stabilize health insurance costs for small businesses," said Governor Patrick. "He has a keen understanding of the issues that matter to consumers and insurers alike, and will use his knowledge and experience to help us move forward on auto insurance reform, health care cost containment and a host of other initiatives."
Since it was created by Governor Patrick in 2008, managed competition in auto insurance has attracted 11 new companies into the state - including some of the biggest carriers in the country - and saved money for good drivers across the Commonwealth. Since serving as Acting Commissioner, Murphy has spearheaded an effort to investigate high percentage increases in small-group health insurance, overseeing hearings with insurance companies and care providers and holding special sessions to investigate the prospect of creating group purchasing cooperatives in Massachusetts. The Division anticipates producing reports on the hearings - along with recommendations to the Governor later this month.
"I am honored to be chosen by Governor Patrick for this important position," said Murphy. "The Division of Insurance will continue to protect the interests of consumers on very important kitchen-table issues while regulating a vibrant marketplace for the industry."
Prior to joining the Division of Insurance, Murphy served as Chief of Staff and Research Director of the Joint Committee on Financial Services and the Joint Committee on Insurance in the Massachusetts Legislature. During his time in the Legislature, Murphy worked on Massachusetts' landmark health care reform legislation and the Producer Licensing Model Act and legislation, making Massachusetts the 31 st state to join the Interstate Product Regulation Commission. Murphy is active with the National Association of Insurance Commissioners and currently serves on the Property and Casualty and the Financial Regulation Standards and Accreditation Committees. He also serves as a member of the Management Committee of the Interstate Insurance Product Regulation Commission.
A native of Quincy, Murphy holds a Bachelor of Arts degree in history and political science from Suffolk University. He lives in Boston.
For more information the Patrick-Murray Administration's Division of Insurance, visit the Division's website.