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Insurance Commissioner Kevin McCarty announced today that he is resigning as of May 2, 2016. According to a release from the Florida Office of Insurance Regulation, Commissioner McCarty is resigning to pursue other job opportunities. Commissioner McCarty has served as Insurance Commissioner since 2003, when the Office of Insurance Regulation was created in connection with other restructuring of Florida’s government. “The privilege of serving […]
Citizens Property Insurance Corporation, Insurance Regulation News, flood insurance, insurance fraud, insurance commissioner, Insurance Regulation
Insurance Commissioner Kevin McCarty mentioned the possibility of scrapping Florida’s no-fault auto insurance system during a speech at the Florida Chamber of Commerce’s recent insurance summit. Eliminating the no-fault system would require a legislative change and has been discussed by some lawmakers in recent years as they have struggled to implement lasting reforms that curtail […]
The Florida Office of Insurance Regulation released a report summarizing the results of its annual reinsurance data call and stress test. Under the stress test, residential property insurers are required to identify how their reinsurance programs would respond to several hurricane scenarios, including a single large event or multiple smaller events. According to the OIR’s […]
Florida Insurance Commissioner Kevin McCarty received the Lifetime Achievement Award from the Florida Association for Insurance Reform (FAIR) at its 2015 awards banquet. FAIR is a non-profit association that works to educate consumers and industry stakeholders about the effects of insurance public policy considerations. FAIR attempts to encourage dialogue among consumers, insurers, public adjusters, the trial […]
Kevin McCarty, Insurance Regulation News, insurance commissioner, Insurance Regulation
Insurance Commissioner Kevin McCarty appeared before the Governor and Cabinet last week to discuss potential standards under which the Office of Insurance Regulation can be objectively reviewed. The Governor and Cabinet have indicated that they want to hear from the agencies they oversee, including the Office of Insurance Regulation, regarding appropriate measurements for their agencies. […]
Insurance Commissioner Kevin McCarty welcomed a large group to Tallahassee on October 30, 2014, for the Office of Insurance Regulation’s 2014 industry conference entitled, “Navigating the Changing Insurance Environment.” The conference drew a large number of participants in person at the Florida State University Turnbull Conference Center, and others participated remotely through a live webcast. […]
Citizens Property Insurance Corporation, hurricane season, OIR, insurance commissioner, Citizens clearinghouse, Insurance Regulation
Kevin McCarty, OIR, insurance commissioner, Atlantic Hurricane Season, standard flood insurance, Insurance Regulation
