Kevin Clinton Named New OFIR Commissioner (Misc News: April 15, 2011)
On Friday, April 15, Gov. Rick Snyder named longtime insurance executive Kevin Clinton as the new commissioner of the Michigan Office of Financial and Insurance Regulation. Clinton succeeds Ken Ross, who left the post a year before the end of his four-year term.
“Kevin Clinton brings a wealth of insurance experience to the post of OFIR commissioner, and we are looking forward to bringing him up to speed on the needs of Michigan’s 322 credit unions,” says David Adams, Chief Executive Officer of the Michigan Credit Union League. “We’ve had a great working relationship with his predecessor Ken Ross and John Kolhoff, deputy commissioner for the credit union division, and hope to continue the mutually beneficial dialogue between the regulatory agency, the trade association and our credit unions.”
According to the governor, Clinton’s “first priority is to make sure consumers are protected by making sure financial institutions are sound.”
Snyder said Clinton also will “lead our effort to eliminate burdensome regulations that are preventing the industry from growing. More insurance companies doing business in the state means more jobs, more competition among insurance companies and banks, and better rates for consumers.”
Clinton was president and CEO of American Physician’s Capital, as well as having worked as a special adviser to OFIR.
For more information, see the Detroit Free Press article on Clinton’s appointment.