Daniel P. McCarty

Associate

About

Daniel P. McCarty advises U.S. and international insurers on a wide range of insurance regulatory and corporate matters. He has policymaking and regulatory experience on issues including InsurTech, reinsurer and surplus lines regulation, producer licensing and the federal government’s involvement in insurance. Daniel actively monitors state and federal legislative developments in a variety of areas, with particular interest in developments related to the National Association of Registered Agents and Brokers, the Federal Insurance Office, the Terrorism Risk Insurance Program and the National Flood Insurance Program.

Prior to joining Drinker Biddle, Daniel served as a policy adviser for the United States Department of the Treasury. In that capacity, he was senior adviser to the Director of the Federal Insurance Office and regularly met with senior Treasury leadership to discuss insurance policy and regulation at the state and federal levels.

During his time at Treasury, Daniel co-authored a series of reports on modernizing financial regulation that resulted in hundreds of recommendations regarding the regulation of insurers, asset managers, banks, credit unions, broker-dealers, nonbank financial companies, and the emergence of financial technology. Daniel also served as the Designated Federal Official of the Federal Advisory Committee on Insurance, a Treasury-authorized advisory committee consisting of senior executives from Fortune 500 insurers and producers, state insurance commissioners, and leading consumer advocates.

Internationally, Daniel served as a U.S. delegate on the Insurance and Private Pensions Committee at the Organisation for Economic Co-operation and Development (OECD) and regularly advised senior leadership on a number of bilateral and multilateral developments, including the Bilateral Agreement Between the United States of America and the European Union On Prudential Measures Regarding Insurance and Reinsurance (U.S.-EU Covered Agreement).

Prior to working for Treasury, Daniel worked for the National Association of Insurance Commissioners (NAIC). In this role, he advised NAIC executives and state regulators on legal issues including the Federal Reserve’s authority to supervise insurers and insurance holding companies and the Financial Stability Oversight Council’s designation of insurers as systemically important financial institutions. 

Throughout law school, Daniel worked on insurance regulatory and transactional matters for a large international law firm. His responsibilities included managing 50 state surveys, monitoring state and federal legislative developments, and advising insurers domiciled in Florida.

Credentials

Bar Admissions

  • New York

Education

  • New York University School of Law, LL.M., Taxation
  • University of Miami School of Law, J.D., cum laude
  • Auburn University, B.S.