Insurance Exec Replaces CU Figure As Michigan Regulator
LANSING, Mich. – Republican Gov. Rick Snyder on Friday named executive Kevin Clinton to head the Michigan Office of Financial and Insurance Regulation, succeeding Ken Ross, former vice president at the Michigan CU League, who resigned the week before to make way for a Republican appointee.
Ross was a close credit union ally, having worked as vice president for regulatory affairs for the Michigan league from 2000 to 2003 and joining the NASCUS board in January. In 2008 he had been appointed director of OFIR, which regulates the state’s credit unions, banks, health maintenance organizations, securities firms and insurance companies, by Snyder’s Democrat predecessor, Jennifer Granholm.
Clinton, currently an adviser at OFIR, previously was president and CEO of American Physicians Capital in East Lansing, a physician liability insurer. Clinton, 56, had worked for AP Capital since 2001 and became president and CEO in 2004. Prior to that he was president and CEO at Auburn Hills-based MEEMIC Holdings Inc., now known as MEEMIC Insurance Co.