Kevin Clinton named state treasurer, Ann Flood to head DIFSTuesday, Oct. 15, 2013
LANSING, Mich. – Gov. Rick Snyder today announced the appointment of Kevin Clinton, currently the director of the state Department of Insurance and Financial Services (DIFS) Director, as the new state treasurer. Clinton replaces Andy Dillon, who submitted his resignation last week.
Snyder today also appointed Ann Flood as the new director of DIFS. Flood has been serving as the department’s chief deputy director.
“Kevin Clinton is an experienced and capable leader with a track record of success. I am confident he will serve the Department of Treasury and the people of our great state well as we continue our work to reinvent Michigan,” Snyder said.
Clinton, who has 35 years of financial and insurance industry experience, has served as DIFS director since it was created last year, shepherding the new department responsible for regulating Michigan's financial industries, including banks, credit unions, insurance, and mortgage companies. The department has more than 350 professionals dedicated to protecting Michigan consumers by ensuring the companies that it regulates are safe and sound, following state and federal law, and upholding public confidence.
He previously served as commissioner of the state Office of Financial and Insurance Regulation for two years; more than six years as president and CEO of American Physicians Capital Inc., a medical professional liability insurance provider based in East Lansing; nearly five years as president and CEO of MEEMIC Insurance Co., a property and casualty insurance holding company based in Auburn Hills. Clinton also has actuarial experience and expertise and held positions in the private sector as well as serving as chief actuary for the Michigan Insurance Bureau in the 1980s. He holds a bachelor’s degree in business administration and a master’s degree in actuarial science from the University of Michigan.
The governor noted that Flood has more than 25 years of experience in the legal, insurance and health care fields.
“Ann Flood is a natural successor to Kevin to lead our team at DIFS,” said Snyder. “She has been there from the start and I look forward to her continuing that great work as director of the department.”
While serving as the DIFS chief deputy director, Flood was responsible for the department’s Office of General Counsel, Office of Insurance Evaluation, Office of Insurance Rates and Forms, the Budget Office, Information Technology Services and Human Resources. She previously served as the executive vice president and chief operating officer of American Physicians Capital Inc., and prior to that was senior vice president, corporate secretary and legal counsel of ProNational Insurance Co. Flood is a member of the State Bar of Michigan and is a registered nurse. She received a bachelor’s degree in nursing from the University of Michigan and a law degree from Wayne State University.
Both appointments are effective Nov. 1.
The appointments are subject to the advice and consent of the state Senate.