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About the Commissioner

Kevin M. McCarty serves as Florida’s Insurance Commissioner leading a 292-member team at the Office of Insurance Regulation (Office). He was appointed to this position in 2003 by the Financial Services Commission. McCarty’s comprehensive background spans a career of more than 27 years and includes extensive experience in all facets of the insurance industry. This experience guides him in working to foster a competitive and robust insurance marketplace in Florida with a focus on business growth and capital opportunities, while also bolstering protections for consumers, especially for the most vulnerable populations and historically discriminated minorities.

He began his public service commitment to the citizens of Florida in 1988 with the Department of Labor and Employment Security and then transitioned into a position at the Department of Insurance in 1991. In 1993, his vast knowledge and expertise were vital in developing strategies to stabilize the property insurance marketplace and help Floridians in the aftermath of Hurricane Andrew. This experience became valuable when the eight hurricanes of 2004-2005 struck Florida during his first years as Insurance Commissioner.

Over the next decade, he carefully navigated the insurance market through an availability and affordability crisis; worked with the Governor, Cabinet and Legislature on measures to improve and reform homeowners, workers’ compensation, sinkhole and personal injury protection insurance; collaborated with industry and state experts on ways to improve mitigation techniques and building codes that would assist in strengthening homes and businesses, while lowering costs for consumers; and, became a nationally-recognized leader on catastrophe issues and best practices. He has met with the President of the United States and testified in front of the U.S. Congress on Florida’s unprecedented experience dealing with hurricanes, among other important insurance-related issues.

McCarty works in close collaboration with other state insurance departments through his participation in the National Association of Insurance Commissioners (NAIC). He was elected to various positions on the NAIC Executive Committee, rising through the ranks to serve as its President in 2012, successfully passing the NAIC’s key initiatives for Actuarial-38 guidelines and principle-based reserving. McCarty is currently a member of numerous NAIC committees and chairs both the International Insurance Relations Committee and the Life Annuities/Unclaimed Property Task Force, which guides the national multi-state, multi-agency examination effort of life insurance companies and their asymmetrical use of the Social Security Administration’s Death Master File. A milestone in his career, this effort caused a significant change in the way life insurance companies either conduct searches to locate beneficiaries of a life insurance policy or report and remit unclaimed property to the states. To date, more than $8 billion has been returned to consumers and the states as part of these investigations.

In 2012, his expertise on complex international regulatory matters led to an appointment as the NAIC representative with the International Association of Insurance Supervisors (IAIS). In this role, he originally served on both the Executive and Technical Committees and is currently the Co-Vice Chair of the organization’s Executive Committee, addressing such issues as global capital financial standards and frameworks for solvency regulation on behalf of the entire United States.

McCarty has received numerous awards during his lengthy career, to include Regulator of the Year by LexisNexis (2008), the Spirit of Independence Award from the National Association of Health Underwriters (2011), Lifetime Achievement Award by the Florida Association for Insurance Reform (2015), and Insurance Man of the Year by the Latin American Association of Insurance Agencies (2015).

He earned both a bachelor’s degree and a Juris Doctorate from the University of Florida.