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About the Commissioner

Kevin McCarty began his career in public service in 1988 becoming an expert in workers’ compensation issues with the Department of Labor & Employment Security. His experience gained him a position with the Florida Department of Insurance in 1991. In 1992, McCarty became a point-man to implement strategies to improve the private marketplace following the devastation of Hurricane Andrew.

The Governor and Florida Cabinet announced McCarty as the first appointed insurance commissioner in January 2003.

Throughout his career, McCarty has cited three main principles that have guided his vision of government’s role in society:

      1.) Government should serve and ultimately be accountable to
      the people;

      2.) Government should be transparent in its operations, and
      treat its clients fairly and equitably; and

      3.) Government should promote a vibrant, competitive
      marketplace while protecting those unable to protect
      themselves.

McCarty has cemented his reputation as an innovator utilizing technology to improve the regulatory process, with the electronic rate and form filing and application processes, increasing speed to market for insurers and reducing administrative costs for insurers. He is a fierce defender of seniors and historically discriminated minorities and a national leader on national catastrophe strategy.

He continues to focus on stabilizing the Florida property insurance market, implementing personal injury protection (PIP) reform and protecting Florida’s consumers. McCarty continues to support depopulation efforts of the state-run property insurer, Citizens Property Insurance Corporation.

He has played a key role over the years in promoting lower workers’ compensation premiums, and chairs the state’s cost containment board – the Workers’ Compensation Three Member Panel. McCarty is also the chair of the Florida Health Insurance Advisory Board. In that capacity, he will work with Florida’s leadership on state and federal regulations concerning health care and health care reforms.

McCarty remains committed to promoting growth and attracting capital to the Florida insurance market through continued interactions with domestic and foreign companies as well as global reinsurers and investor groups. As an advocate for encouraging business and capital growth, McCarty supports expanded opportunities for international insurers to operate in Florida.

He was a leader in turning the life industry to a different paradigm returning millions of dollars to consumers through market conduct exams of life insurance companies’ use of the Social Security Administration’s Death Master File (DMF). The Office, through combined efforts with Chief Financial Officer Jeff Atwater and Attorney General Pam Bondi, was the first insurance regulator in the nation to enter into a regulatory settlement agreement requiring corrective actions pertaining to these claims settlement practices and the reporting and remitting of unclaimed property. Florida currently chairs the task force created by the National Association of Insurance Commissioners (NAIC) to guide and coordinate the multi-state examination process.

McCarty’s work within the NAIC ensures Florida consumers and insurers have a voice on national insurance issues. He served as President of the NAIC in 2012, and achieved the organization’s key initiatives which included: approving changes to the Actuarial Guideline 38 (AG38); and the adoption of the Valuation Manual for implementing Principle Based Reserving. Florida will participate on over 50 committees, task forces and work groups in 2014. McCarty also serves as Secretary of the Non-Admitted Insurance Multi-State Agreement (NIMA) group.

He has elevated Florida’s international presence by serving as a NAIC representative on the International Association of Insurance Supervisors’ (IAIS) Executive and Technical Committees and is the co-vice chair of the IAIS Executive Committee.

McCarty has been privileged to testify on several occasions before the U.S. Congress on a number of insurance related matters.

McCarty and the Office received the 2010 Esprit de Corps Award for outstanding service to the NAIC. He was selected for the Spirit of Independence Award in 2011 from the National Association of Health Underwriters for his work to preserve the role of health insurance agents in light of federal health care reforms. He was also selected as the 2008 Regulator of the Year by LexisNexis.

McCarty received his bachelor’s degree and Juris Doctorate from the University of Florida.