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 such as InsurTech, smart contracts/blockchain technology, reinsurer and surplus lines regulation, producer licensing and the federal government’s involvement in insurance. Daniel monitors state and federal legislative developments in a variety of areas, with particular interest in the Federal Insurance Office, the Terrorism Risk Insurance Program and the National Flood Insurance Program. Daniel routinely counsels InsurTech startups as regards their unique issues and actively participates as a mentor at InsurTech accelerators across the U.S.

Prior to joining Drinker Biddle, Daniel served as a policy adviser for the United States Department of the Treasury (“Treasury”). In that capacity, he was senior adviser to the Director of the Federal Insurance Office regularly meeting with senior Treasury leadership to discuss insurance policy and regulation at state and federal levels. He 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 acted as a U.S. delegate on the Insurance and Private Pensions Committee at the Organisation for Economic Co-operation and Development (OECD) and regularly provided advice 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 employment at 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.

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.