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 …
“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 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 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 …
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’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’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 …
