In politics, payback can be a real ...well, you know, female dog.
Sen. Mike Bennett insists his just-filed bill isn't payback, but it sure could affect the job security of Insurance Commissioner Kevin McCarty.
SB 740 would require that the Cabinet, acting as the Financial Services Commission, reconfirm the insurance regulation leader every two years -- and send their vote to the Senate for final reconfirmation. Right now the insurance commish is appointed and confirmed once, and that's it.
But we can't help noting that Bennett is no BFF of McCarty, after this past summer's fight over the proposed rate dereg bill for private, big-name insurers like State Farm. McCarty voiced objections. The governor vetoed the bill. Bennett, who sponsored the bill with Rep. Bill Proctor, blasted McCarty's criticism of the legislation and questioned the facts he used to back up his criticism.
Fast forward to this week, and here is Bennett filing the bill requiring reconfirmation. (It is not the first time
McCarty's been a target. CFO Alex Sink, you'll recall, is no fan, either...)