First elected in 2008, and re-elected in 2012 as Delaware’s 25th Insurance Commissioner, Karen Weldin Stewart leads a regulatory agency with jurisdiction that ranks 10th in the United States in national written premium and is home to companies with $506 billion in assets. Stewart heads the Delaware Department of Insurance (DOI), the largest consumer protection agency in the state. As Insurance Commissioner, she regulates Delaware’s insurance industry, which makes up almost one-twelfth of Delaware’s annual revenues at approximately $100 million.
Stewart’s roots in the state trace back to the 1600s when her Quaker ancestors immigrated to America. Commissioner Stewart was reared in Claymont, Delaware and is the daughter of the late Walter J. Weldin and Concepcion Fernandez Weldin. She is a graduate of Claymont High School and Brandywine College.
In 1991, Stewart founded the International Association of Insurance Receivers (IAIR) and was elected three times as its president. Stewart received her Certification for Insurance Receiver, multiple lines (CIR-ML), in 1995.
Stewart currently serves on 21 NAIC committees, task force and working groups. She serves as the vice chair of the NAIC’s Receivership and Insolvency (E) Task Force. Additionally, she is a member of the Supervisory College of Berkshire Hathaway, AIG, MetLife, SCOR, Sun Life, XL Group, Zurich, Fairfax Financial, Partner RE Group and Swiss RE.
Stewart contributes to numerous boards and is currently serving on the State Employee Benefits Committee, Delaware Health Care Commission, the Deferred Compensation Council and the Council on Health Promotion and Disease Prevention.