The Washington State Capitol building at 416 Sid Snyder Ave SW, Olympia, Wash.
Enjoy complimentary access to top ideas and insights — selected by our editors. Want unlimited access to top ideas and insights? Subscribe Now
Washington state is the second U.S. state to have a competitive election for its insurance commissioner.
Processing Content
Patty Kuderer, candidate for Washington insurance commissioner.
Until May, North Carolina had been the only state with a competitive race. Patty Kuderer, a Democrat, was expected to be the only candidate in Washington, but several others filed to run during the state's May 6-10 filing period. The state's insurance commissioner race is non-partisan, so there were no primaries. The leading Republican challenging Kuderer is Phil Fortunato.
Phil Fortunato, candidate for Washington insurance commissioner
According to Ballotpedia, Kuderer has raised $138,009 in campaign funds so far, while Forunato has raised $2,750. No fundraising figures were reported for the other candidates, including Democrats Bill Boyd, Chris Chung and John Pestinger; Republican Justin Murta; and independents Khristopher Greene, Jonathan Hendrix and Tim Verzal.
Kuderer and Fortunato have both been state senators since 2017. The current commissioner, Mike Kreidler, who has served in the role since 2001, is not running for reelection.
Parametric providers can notify policyholders when an event triggers a claim, which can then be processed in days, helping customers get back to business more quickly.
The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters.