Florida Regulators ‘Encouraged‘ by Insurers’ Stress Test Results
Kevin McCarty, Insurance Regulation News, OIR, CFO Jeff Atwater, insurer stress test, insurance data call, Florida property insurers, Insurance Regulation
News & Updates
Kevin McCarty
Florida Homeowners Insurers Pass Stress Test
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 […]
OIR Seeking National Flood Insurance Ratemaking Data
Insurance Commissioner Kevin McCarty has requested that the Federal Emergency Management Agency (FEMA) provide data relating to how the National Flood Insurance Program (NFIP) sets rates. McCarty has commented that even without seeing the data, it appears that the NFIP’s rates would not satisfy the Office of Insurance Regulation’s standard that rates not be unfairly […]
McCarty Receives Lifetime Achievement Award
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 […]
McCarty: National flood rates are ‘unfairly discriminatory’
Kevin McCarty, Office of Insurance Regulation, Florida Commission on Hurricane Loss Projection Methodology, Insurance Regulation News, National Flood Insurance Program, flood rates
Florida Commissioner McCarty Touts State Regulation Before Congress
Kevin McCarty, Insurance Regulation News, insurance commissioner, Insurance Regulation
OIR Highlights Economic Impact of Insurance Industry
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. […]
‘Wait over’ for lower insurance rates
Citizens Property Insurance Corporation, Kevin McCarty, Office of Insurance Regulation, hurricane season, residential insurance, Insurance Regulation
PIP insurance could continue to get green light
Kevin McCarty, Office of Insurance Regulation, Florida Legislature, auto insurance, PIP
Florida Touts Workers’ Comp Market Competition But Warns on Court Rulings
Kevin McCarty, Office of Insurance Regulation, workers' compensation