Insurance Commissioner Kevin McCarty resigns
After more than a decade as Florida's top insurance regulator, Kevin McCarty resigned Tuesday, nearly a year after he survived a failed effort by Gov. Rick Scott to get rid of him.
McCarty invited reporters from the Times/Herald and two other news outlets to his office to break the news of his departure effective May 2.
McCarty, 56, is the state official who decides how much homeowners pay for their property insurance, and over the past decade he has repeatedly borne the brunt of criticism for higher rates charged to Floridians.
Appointed in 2003 following a Cabinet reorganization approved by voters, he served under three governors and helped steer the state through a series of devastating hurricanes while seeking to protect consumers, many of them elderly, from peddlers of insurance products.
McCarty shrewdly navigated the capital's perilous politics for an unusually long time, but he was viewed as vulnerable after Scott took the oath as governor for a second time one year ago this week.