Maine Insurance Superintendent Robert Carey Retires, Tim Schott Named Acting Superintendent
Superintendent Robert Carey has retired from the Maine Bureau of Insurance (BOI) as of June 5, according to the Department of Professional and Financial Regulation. Carey, who was nominated by Governor Janet Mills in 2024 and confirmed by the Maine Senate, played a significant role in regulating the insurance industry in Maine. Under his leadership, the BOI worked to maintain stable auto and homeowners insurance rates and developed resources to protect homes against extreme weather. In 2025, the BOI reportedly saved residents $5.8 million in potential insurance rate increases and recovered over $4.5 million through consumer complaint investigations. Carey brought over two decades of experience in advising state regulators and lawmakers on insurance policy. His career included roles such as the first director of planning and development for the Massachusetts Health Connector and director of policy and program management for the state's group insurance commission. Deputy Superintendent Tim Schott has been ap... 
