The National Association of Insurance Commissioners has passed over former chief Florida insurance regulator Kevin McCarty in selecting its next chief executive officer.
The organization went with Michael Consedine, former insurance commissioner for Pennsylvania.
The CEO represents the state insurance regulators who comprise the association and acts as go-between with federal and international policymakers, the states, and consumer and industry representatives.
SNL Financial had reported in January that McCarthy was discussing the job with other insurance commissioners.
McCarty, who had served as president of the association, tendered his resignation as insurance commissioner in January under pressure from Gov. Rick Scott.
As he left, the Office of Insurance Regulation circulated a list of McCarty’s accomplishments since becoming commissioner in 2003. They included coordinating an investigation by several states that returned $5 billion to insurance customers across the country.