New candidate enters North Dakota insurance commissioner race

Republican basing his campaign on insurance rate hike threat to small businesses

Insurance News

By Lyle Adriano

Jon Godfread announced Jan. 13 his intent to run as North Dakota’s insurance commissioner. This is his first attempt to run for statewide office.

If elected, Godfread promises to maintain the affordability of insurance, to promote healthy competition in the insurance industry, and to make sure that insurance is accessible to all.

Currently serving as the vice president of governmental affairs for the Greater North Dakota Chamber, Godfread believes that his current experience gives him the ability to work closely with consumers, business, and insurance providers.

“The biggest threat to small businesses in our state is the rising costs of insurance,” Godfread remarked, additionally pointing out that mounting insurance costs can potentially cripple businesses.

Godfread highlighted the importance of sharing knowledge as well as maintaining the affordability of insurance. He also stated he would make himself accessible to consumers and businesses.

With almost 50 staff, the North Dakota Insurance Department budget for 2015-2017 is over $11.5 million. The office of insurance commissioner has historically been dominated by the Republican Party since North Dakota’s became a state in 1889, save for the 1977-2000 period.

Incumbent insurance commissioner and Republican Adam Hamm chose not to run for another term. He was appointed back in 2007, and has won additional terms in 2008 and 2012.

A Democratic candidate has yet to enter the race. On the other hand, Nick Bata is running for the position under the Libertarian Party.

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