Florida Insurance Commissioner Kevin McCarty News

Private Insurers Cautiously Dip Toes Into Florida Flood Market Waters

Florida’s efforts in establishing a private flood insurance market have been hailed as a model by many other states looking to buff up their flood insurance offerings, as well as the National Flood Insurance Program (NFIP) to follow as lawmakers …

Top Florida Stories of 2016: Florida’s Evolving Flood Market

Before McCarty announced his decision to leave office, he initiated dialogue with the Federal Emergency Management Agency (FEMA) over the National Flood Insurance Program’s rate making. Citing the fact that the flood insurance rates Floridians pay are the highest in …

Top Florida Stories of 2016: McCarty Resigns as Commissioner, Altmaier Takes the Reins

Kevin McCarty’s decision to resign as Florida’s insurance commissioner at the beginning of the year after 13 years in the position rocked the state’s insurance world. It also set the stage for a political battle between Florida Gov. Rick Scott …

NCCI Seeks to Raise Florida Workers’ Comp Rates by 17% in Light of Court Ruling

Florida businesses could soon be paying almost 20 percent more for workers’ compensation coverage. In response to a recent decision from the Florida Supreme Court, the National Council on Compensation Insurance (NCCI) filed a 17.1 percent rate increase with the …

Florida Braces for Rate Hikes, Litigation Due to Workers’ Compensation Fee Ruling

The Florida Supreme Court’s ruling that the state’s current attorney fee limits are unconstitutional will have serious ramifications on the workers’ compensation market in the state, according to Florida Insurance Commissioner Kevin McCarty and other workers’ compensation experts. Those ramifications …

Updated: Florida Gov, CFO at a Standstill Over Next Insurance Commissioner

For the second time in a month, Florida Gov. Rick Scott and Chief Financial Officer Jeff Atwater could not reach an agreement over who will become the next insurance commissioner for the state. At the April 26 Florida Cabinet Meeting, …

Outgoing Florida Commissioner McCarty Talks How He’s Changed, What’s Next

Serving in a highly-scrutinized government position like insurance commissioner for any state, let alone one facing such serious catastrophe risks as Florida, certainly has its challenges. Outgoing Florida Insurance Commissioner Kevin McCarty says during his nearly 13-year tenure he’s tried …

Florida to Interview 2 More for Insurance Commissioner, McCarty Delays Departure

The Florida Cabinet will interview two new candidates for the soon-to-be-open Florida insurance commissioner post at its April 26 meeting, in addition to the two candidates interviewed last month. In the meantime, current Florida Insurance Commissioner Kevin McCarty notified the …

Florida Commissioner McCarty Saying Goodbye: ‘It’s Been a Labor of Love’

“It’s not for the faint of heart, I can tell you that… Anyone who comes in here and thinks it’s an easy job really does not have any idea what they’re getting into. But it’s been a joy… It’s been …

Florida Announces Exit from Multi-State Surplus Lines Clearinghouse NIMA

The Florida Surplus Lines Office (FLSLO) has announced that Florida has made the decision to withdraw from the Nonadmitted Insurance Multi-State Agreement (NIMA), effective June 1, 2016. The decision marks the second state to leave the Agreement, with Louisiana previously …