Former Florida Insurance Commissioner Kevin McCarty is criticizing current state regulators over their recent digs at the Demotech financial rating firm, after Demotech warned it would downgrade more than a dozen property insurers in the state. “Demotech is merely the …
As a longtime Florida resident, I have witnessed the destructive power of hurricanes on the lives and properties of countless Floridians and others across the Atlantic and Gulf coasts. Hurricanes can pack such enormous power that they have literally altered …
The Federal Association for Insurance Reform (FAIR), formerly the Florida Association for Insurance Reform, is expanding nationwide with a focus on reducing uninsured flood risk across the United States. FAIR is a non-partisan, non-profit consumer advocacy group focused on providing …
The Florida Association for Insurance Reform (FAIR), a non-partisan insurance consumer advocacy association, has elected former Florida Insurance Commissioner Kevin McCarty as the chair of its Board of Directors and Sonja Larkin-Thorne, retired insurance executive from The Hartford, as the …
Assured Risk Cover, provider of StormPeace residential parametric insurance, has announced that former Florida Insurance Commissioner Kevin McCarty has joined its board of advisors. McCarty served as Florida’s first appointed insurance commissioner from 2003 to 2016 and president of the …
Policymakers need to find a way to get banks involved in property mitigation if Florida is to improve its hurricane resiliency, according to a former state insurance commissioner. Banks are currently unmotivated to protect mortgages through mitigation because the government …
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 …
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 …
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 …
The International Association of Insurance Supervisors (IAIS) has recognized former Florida Insurance Commissioner Kevin M. McCarty for his service to international insurance regulation. McCarty is a past president of the National Association of Insurance Commissioners (NAIC) and was nominated by …
