The Florida Office of Financial Regulation is looking for a newcommissioner after Tom Grady, a former Naples legislator, resignedafter only seven months to take a job this week as interimpresident of a state-run insurer, Citizens Property InsuranceCorp…

The League of Southeastern Credit Unions in an email bulletinforecast Grady's interim successor at the regulatory agency wouldbe named next Tuesday.

“The league has a good working relationship with OFR,” saidPatrick LaPine, president/CEO. “With Tom Grady just coming onboard in August, we had one brief introductory meeting with him andwe intend to reach out to the governor's office to assist them intheir search for a new commissioner.”

Florida media outlets suggested Grady, an attorney and formervice chairman of the Florida House Insurance Business Committee,took the job as part of a cost-cutting move by Gov. Rick Scott toreduce insurance costs and exposure while shrinking CitizensProperty, which insures nearly one in four Floridians.

Grady told the Miami Herald he greatly enjoyed workingwith the OFR” but wanted now to

to serve in a different capacity in another area offinancial services, one where stability and rationality arenecessary conditions to a sustained economic recovery.”

The ex-lawmaker, said the Herald, had been an activesupporter three years ago during the mortgage meltdown of acontroversial bill to allow banks to foreclose on homes withoutgoing to court, a move that homeowner activists decried. That billeventually died.