Commissioner of Insurance Regulation, State of Florida
Kevin McCarty began his career in public service in 1988, becoming an expert in workers’ compensation issues with the Florida 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 the Florida Cabinet announced McCarty as the first appointed insurance commissioner in January 2003. Throughout his career, he 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 protect those who are unable to protect themselves. He has cemented his reputation as an innovator by 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 is a national leader on national catastrophe policies. He continues to focus on protecting consumers, ensuring the stability of the Florida property insurance market and growing capital.
McCarty’s work with the NAIC ensures Florida consumers and insurers have a voice on national insurance issues. He is NAIC president-elect and is slated to become the 2012 president. He chairs the Senior Issues (B) Task Force, Professional Health Insurance Advisors (EX) Task Force, Catastrophe Insurance (C) Working Group and International Insurance Relations (G) Committee, in addition to serving on numerous other NAIC committees and working groups. He previously chaired a number of substantive committees, including the Financial Condition (E) Committee and the Property & Casualty Insurance (C) Committee, and has coordinated Florida’s NAIC financial accreditation.
He has elevated Florida’s international presence by serving as a U.S. representative on the International Association of Insurance Supervisors’ (IAIS) Executive and Technical Committees, as well as the Joint Forum, a key group of leading international regulators from the insurance, banking and securities sectors. In addition, McCarty has been privileged to testify before the U.S. Congress on matters relating to almost every sector of the insurance industry.
McCarty and the Florida Office of Insurance Regulation 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.
McCarty earned a bachelor’s degree and J.D. from the University of Florida.