Michigan Gov. Rick Snyder has picked Kevin Clinton to be the new commissioner of the Michigan Office of Financial and Insurance Regulation.
Clinton is now a special advisor at the office, which includes the state’s insurance bureau. He previously was president of American Physicians Capital Inc., East Lansing, Mich., an insurer that merged with another insurer.
Earlier in Clinton’s career, he worked at the insurance bureau.
Clinton has a bachelor’s degree in business and a master’s degree in actuarial science from the University of Michigan. He is a fellow of the Casualty Actuarial Society.
Clinton’s first priority will be making sure that Michigan financial institutions are sound, and “he will also lead our effort to eliminate burdensome regulations that are preventing the industry from growing,” Snyder, R, says in a statement about the appointment.
“More insurance companies doing business in the state means more jobs, more competition among insurance companies and banks, and better rates for consumers,” Snyder says.
Clinton succeeds Ken Ross, who was appointed OFIR commissioner in February 2008 by former Gov. Jennifer Granholm, D.
Ross succeeded Linda Watters, who left OFIR in October 2007 to take a job in the Chicago office of KPMG L.L.P., an accounting firm.