Frank Tomasello, Executive Director of The Institutes Griffith Foundation, recently sat down with Jon Godfread, Insurance Commissioner of North Dakota and President of the National Association of Insurance Commissioners (NAIC), to discuss the challenges of insurance regulation, the potential of artificial intelligence (AI) in the insurance industry, and the importance of bridging insurance protection gaps.

The Institutes Griffith Foundation's Executive Director, Frank Tomasello, had an enlightening discussion with Michel Léonard, the Chief Economist and Data Scientist at the Insurance Information Institute, about the effects of inflation on insurance and the implications for insureds and insurers alike. What follows is a transcript of that conversation, which took place in October 2024, edited for length and clarity.