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Insurance deputy details PBM oversight, flood data calls and delayed S 95 auto study report
Summary
Deputy Commissioner Emily Brown told the committee DFR added pharmacy benefit manager oversight staff, issued flood data calls after 2023 and 2024 floods, and expects to deliver the S 95 auto-insurance study report after a short extension.
Deputy Commissioner Emily Brown briefed the House Commerce & Economic Development Committee on Jan. 15, 2025, describing the Insurance Division’s staffing, consumer services and market conduct work, and recent regulatory actions on pharmacy benefit managers (PBMs), flood responses and an auto‑insurance study.
"We actually, over the past year have been attempting to hire an actuary... and we also have a market conduct examiner... currently, we're not fully staffed," Brown said, describing staffing gaps in actuarial and market conduct roles while noting three additional FTEs were added last year for PBM oversight.
Brown said Vermont’s traditional insurance market writes roughly $5 billion in premium…
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