Financial Services Commission Discusses Commissioner Search
The Financial Services Commission (FSC), consisting of the Governor, Chief Financial Officer, Attorney General and Commissioner of Agriculture, discussed the process of finding Florida’s next Insurance Commissioner at their regularly scheduled Cabinet meeting. The FSC intends to conduct a nationwide search and agreed to potentially increase the compensation level to attract highly qualified candidates. The job will be listed as paying up to $200,000 a year depending on experience, which would be an increase of up to $65,000 over the current rate.
Chief Financial Officer Jeff Atwater commented that outgoing commissioner Kevin McCarty has brought extraordinary talent to the office and stated that Florida deserves another extraordinary talent to replace him. Regarding the possibility of paying more to the next commissioner, Atwater said, “This will be a very significant pay increase. But I also wouldn’t want to deprive ourselves of some talent that would explore this idea.”
Interested parties will have until March 11 to submit applications. The Cabinet officers’ respective aides then will make recommendations on March 23. The FSC will interview the finalists on or about March 29.