Despite the economic fallout resulting from the COVID-19 pandemic in the past year and a half, total state spending on insurance regulation has increased in 2021.
A new report from the National Association of Insurance Commissioners shows that total insurance department budgets increased to $1.625 billion this year from $1.607 billion in 2020.
Total state insurance department staffing increased to 10,857 people, from 10,846 last year.
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