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Press Release

Florida Insurance Commissioner McCarty Joins Governor Crist in Meeting with Lloyd’s of London
Tuesday, July 15, 2008
Contact Info:

Ed Domansky 
850-413-2515                                                  
Edward.Domansky@floir.com

TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty today in London joined Gov. Charlie Crist and House Speaker Designate Ray Sansom in a meeting with Lord Levene, the chairman of Lloyd’s of London, as part of the governor’s Team Florida Trade and Business Development Mission.
 
Commissioner McCarty talked about the importance of modernizing our reinsurance framework and Florida’s leadership role in that capacity. He also discussed the role of global reinsurance and the consequences of global warming.
"The market for insurance against large scale natural disasters has evolved into a highly competitive marketplace,” said Commissioner McCarty, “and it is imperative that Florida remains out front as the market continues to evolve. The time for inefficient and potentially obstructive regulation has passed. We remain committed to developing efficient regulation that will stabilize these markets while still ensuring that the promise of available and affordable insurance made to Florida policyholders remains our primary focus.
 
“The threat of continuing global warming is an issue that all Floridians need to be thinking about, because unless we all take action to help reduce its effects, the frequency and severity of future storms that strike Florida could bring about devastation greater than we ever have seen.
 
“I am honored to have been asked by Gov. Crist to accompany him and other key officials on this important mission for Team Florida.” 
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Contact Info:

Ed Domansky 
850-413-2515                                                  
Edward.Domansky@floir.com

About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation (Office) has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm.

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