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Kevin McCarty

CFO Atwater Supports Comprehensive Approach to Property Market

CFO Atwater Supports Comprehensive Approach to Property Market

| Written By: Travis Miller | Insurance

Florida Chief Financial Officer Jeff Atwater spoke before the Senate Banking & Insurance Committee to say that “standing still” on Florida property insurance issues is not an option.  Atwater encouraged the committee to pursue legislation designed to reduce the potential assessment burden on all Floridians that would arise from deficiencies in the state-created insurance entities.  […]

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Commissioner Discusses Misalignment Between Rates and Mitigation Discounts

Commissioner Discusses Misalignment Between Rates and Mitigation Discounts

| Written By: Travis Miller | Insurance

Florida Insurance Commissioner Kevin McCarty presented ideas for “principle-based” insurance reform to the Senate Banking and Insurance Committee this afternoon.  In his presentation, Commissioner McCarty identified several reasons the private market has difficulty competing with Citizens Property Insurance Corporation.  Among these, the Commissioner noted a “mismatch” between primary rate levels and the mitigation discounts for […]

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OIR Offers Resource for Life and Health Product Filings

OIR Offers Resource for Life and Health Product Filings

| Written By: Travis Miller | Insurance

The Florida Office of Insurance Regulation (Office) has unveiled a new resource for allowing interested persons to provide input on life and health insurance form and rate filings.  “Hearing the opinions of Florida’s consumers about proposed changes to their insurance is considered a top priority of the Office. This feature presents a suitable forum for those opinions […]

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