BLOG: Sink “very disappointed” in timing of McCarty report

Aug 11, 2009

Miami Herald Naked Politics Blog–August 11, 2009

It’s been two weeks since CFO Alex Sink asked Insurance Commissioner Kevin McCarty to come back to the Cabinet with a report explaining McCarty’s claims that 40 new insurers with over $4-billion in capital have come to the property insurance market.

Well, he was there this morning with a report. But Sink didn’t get a copy of it until 8 a.m. this morning, and apparently McCarty’s office left it at her office last night at 8 p.m., after she had left the Capitol for the day. This was not acceptable to the former banking exec, and she made that very clear.

“I’m very disappointed that this information was provided to me at 8 am this morning,” she said. “I asked for this information 2 weeks ago. It still stuns me that your office was working on this late last night when you had two weeks to work on this. I only had about 10 minutes to look at this before Cabinet, and I like to do my homework.”

McCarty apologized, explaining the report was “a large undertaking. I apologize, and certainly I look forward to working with your office.”

Attorney General Bill McCollum said: “I think this is a very positive report, and I appreciate it.”

Gov. Charlie Crist focused his attention on the reduction in property insurance costs for homeowners in Florida since the 2004-05 storms and resulting legislation aimed at cutting insurance rates.