Welcoming Participants to the 2013 ICAE Exchange, Navigating Our Future

Mike Hammond, ICAE President (Fireman’s Fund), welcomes attendees to the 2013 Exchange.
Mike Hammond, ICAE President (Fireman’s Fund), welcomes attendees to the 2013 Exchange.

As has become the tradition, Exchange participants were welcomed to the three-day meeting by ICAE president and the host state’s top regulator.  For 2013, Mike Hammond, ICAE president, Fireman’s Fund Insurance Company, and Florida’s commissioner of insurance, Kevin McCarty, gave opening welcome comments.

Both individuals thanked participants for choosing to attend the Exchange and noted the important jobs consumer affairs professionals perform.  Florida, a state with no income tax, relies on tourist dollars to generate a strong budget—Commissioner McCarty noted positive consumer interactions keeps Florida green.

Kevin McCarty (FL DOI), shares a common interest with ICAE – focusing on the consumer.
Kevin McCarty (FL DOI), shares a common interest with ICAE – focusing on the consumer.

Hot topics from the commissioner’s perspective
With hot topics designated as a panel discussion on the agenda, McCarty took the opportunity to touch on some of the hot topics from the Florida perspective.  On his list of hot topics, he noted that flood insurance was moving to actuarially real costs, providing for private insurers to get more involved—of significant interest to Florida residents and insurance companies.  Additionally, McCarty noted big changes are occurring on the international insurance front with a move to international regulatory convergence that will establish complementary regulatory frameworks to enhance transatlantic trade—of vital importance to the state of Florida as a huge international gateway.

Commissioner McCarty noted that, as regulatory modernization continues, he is determined to work and collaborate with federal and state entities to help ensure changes make sense for the consumer and for the industry.

Finally, McCarty thanked participants for the work the group does.  At the close of Commissioner McCarty’s comments, the group officially cast off to navigate the future, and so the voyage began…

CONTACT INFO
Kevin McCarty
Commissioner, Florida Department of Insurance
200 East Gaines Street
Tallahassee, FL  32399-0305
850.413.5916
Lin.hartsfield@floir.com
www.floir.com

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