Search
 

McCarty Moves up at NAIC, but Where Does He Stand in Florida?

I spent several days in Orlando recently at the National Association of Insurance Commissioners (NAIC) Fall 2010 National Meeting.

By Joan E. Collier, Joan E. Collier | Updated on October 31, 2010

I spent several days in Orlando recently at the National Association of Insurance Commissioners (NAIC) Fall 2010 National Meeting. As I listened in at various committee meetings and task forces, I was struck by how often Florida came up in discussions: “Florida is the critical player here.” “What did Florida do?” “How did Florida react?”

The emphasis was not altogether due to our state’s size or geography. Florida Insurance Commissioner Kevin McCarty is a very big player in this very significant arena. Love him or hate him, he is no dilettante. He understands the complex world of insurance and is an incredibly hard worker. For that, he is well respected in NAIC circles, evident by his selection as the 2011 president-elect of the group. However, being well respected does not confer favorite-son status on Florida or McCarty; the attitude that other regulators and states have about Florida is not necessarily positive. His election may be due more to the fact that NAIC is dominated by pro-regulatory states than admiration for how Florida oversees our industry.

Indeed, the environment here is awful, although that is not entirely McCarty’s fault. Gov. Charlie Crist has almost single-handedly destroyed the state’s property insurance market. We should all offer up a prayer of thanks that we have had no major storms during his term.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.