TK Keen (pictured) has been named Oregon insurance commissioner after serving in an interim role since June, the state's Department of Consumer and Business Services (DCBS) has confirmed.
Keen's appointment was made by Sean O'Day, who was confirmed by the state Senate last month as director of DCBS. Under the director's authority, O'Day can delegate the insurance commissioner role to another DCBS employee.
Keen previously served as deputy insurance commissioner for five years and has worked at DCBS since 2012. During his tenure, he contributed to the department’s approach to wildfire risks, implemented community risk-reduction initiatives, and led efforts to enhance consumer disclosures and transparency. Keen also directed the 2026 health insurance rate review process at the Department of Financial Regulations, which faced additional challenges due to federal changes.
While acting as interim commissioner, Keen oversaw the department through the National Association of Insurance Commissioners’ five-year accreditation review, covering financial analysis and examination programs, the DCBS said.
He has also managed the department’s response to emerging technologies and issues and is leading diversity, equity, and inclusion initiatives. O'Day noted that Keen prioritizes consumer protection and the financial stability of regulated institutions and expressed appreciation for him taking on the insurance commissioner role.
Before joining DCBS, Keen operated a legal firm specializing in employment law.
Keen assumed the commissioner position after Andrew Stolfi was appointed in March to lead the Oregon Employment Department, requiring him to leave the DCBS and commissioner roles, a statement from Governor Tina Kotek said. Stolfi was appointed DCBS director in 2020.
Oregon hosts 40 domestic insurance companies and 1,507 foreign insurers, with $24.5 billion in premium volume in 2024, according to DCBS. The insurance sector in the state plays a central role in managing risks for businesses and residents, including coverage for natural disasters, health insurance, and liability protection.
The insurance commissioner oversees regulation of insurers operating in Oregon, including licensing, solvency monitoring, consumer protection, and approval of insurance rates. Keen’s experience with wildfire risk management and health insurance rate reviews comes as insurers nationally adjust to climate-related claims and changes in federal healthcare policy.
Keen’s appointment also signals continuity in the department’s ongoing priorities, including consumer education, financial stability of insurers, and adaptation to emerging technologies such as digital platforms and data analytics that affect underwriting and claims management.
