Florida Commissioner McCarty News

Q&A: Florida Representative Backs Call for NFIP Transparency

Florida State Representative Bill Hager says the state is turning up the heat on the National Flood Insurance Program as Florida residents become increasingly concerned with the high rates they are paying for flood insurance coverage. Lawmakers like Hager, State …

Florida Commissioner McCarty Touts State Regulation Before Congress

Florida Insurance Commissioner Kevin McCarty championed flexible state insurance regulation and warned against “one-size-fits-all” bank-like regulation for insurers in recent testimony before the U.S. Senate and House of Representatives in Washington, D.C., on both domestic and international insurance issues. McCarty …

Consumer Group Urges Florida to Keep McCarty as Commissioner

A national consumer group is urging Florida to keep its current insurance regulator, a man the group says is one of the best regulators in the country but who is rumored to be under pressure to resign by the Scott …

Florida Fines Universal P/C $1.3M for Claims Delays, Notice Failures

Florida’s second largest property insurer is being hit with a fine of nearly $1.3 million. Florida Insurance Commissioner Kevin McCarty announced that his office was assessing a fine against Universal Property & Casualty Insurance Co. Universal has roughly 542,000 policyholders …

Florida Regulator McCarty Offers Reform Map to Smaller Citizens Property Insurance

Florida’s insurance commissioner has proposed a set of reforms designed to return the state-back property insurer to being a residual market, while at the same time offering the private insurance market incentives to take on more property risks. Insurance Commissioner …