Michigan Gov. Rick Snyder has selected Kevin Clinton as head of the agency that regulates insurance and financial institutions in the state.
Clinton will oversee the Office of Financial and Insurance Regulation, which is charged with protecting consumers by ensuring insurance companies are financially solvent and able to pay claims.
He replaces Commissioner Ken Ross who resigned his post effective April 15. Ross was appointed by former Gov. Jennifer Granholm.
The OFIR is also responsible for regulatory and investigative programs needed to make sure financial institutions are safe and reliable.
Clinton has a long career in the insurance industry. Currently a special advisor at OFIR, Clinton previously served as president and CEO of East Lansing-based American Physicians Capital Inc. In 2010 he led a successful merger between AP Capital and the Doctors Group.
Early in his career, Clinton worked for the state’s Insurance Bureau, which is now part of the Office of Financial and Insurance Regulation.
He is a Fellow in the Casualty Actuarial Society.
Topics Legislation Michigan
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