Windward Risk Managers Promotes Cindy Murphy to Chief Accounting Officer

BOCA RATON, Fla.--(BUSINESS WIRE)--Sep 1, 2026--

Windward Risk Managers today announced the promotion of Cindy Murphy to Chief Accounting Officer, effective September 1, 2026.

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In her new role, Murphy will continue to provide leadership across the organization's accounting and finance functions, with responsibility for financial reporting, accounting operations, regulatory compliance, internal controls, and financial governance. She will also continue to play a key role in supporting the organization’s broader financial strategy and long-term growth objectives.

Murphy has been a key member of the organization's finance leadership team for more than two decades. Since joining the company as Corporate Controller in 2005, she has helped guide the financial operations supporting Florida Peninsula Insurance Company, Edison Insurance Company, and Ovation Home Insurance Exchange through periods of growth, market change, and operational expansion. She was promoted to Vice President of Finance in 2021 and later to Senior Vice President of Finance, where she oversaw financial accounting, reporting, planning, treasury, and regulatory reporting activities.

Throughout her tenure, Murphy has played a leading role in strengthening financial controls, enhancing reporting processes, supporting audit governance, and developing the finance team. Her leadership has helped ensure the organization maintains the financial discipline and operational framework necessary to support the carriers it manages.

"Cindy's leadership has been instrumental in strengthening the financial foundation of our organization,” said Gary Cantor, Vice Chair and Chief Financial Officer of Windward Risk Managers. "With more than two decades with the company, she has earned the trust of our leadership team through her expertise, integrity, and commitment to operational excellence.”

Murphy holds a Bachelor of Arts in Accounting from Aurora University and is a Certified Public Accountant. She has more than 25 years of accounting and finance leadership experience and is a member of the American Institute of Certified Public Accountants, the Florida Institute of Certified Public Accountants, and the Illinois CPA Society.

About Windward Risk Managers

Windward Risk Managers is the management company behind Florida Peninsula Insurance Company, Edison Insurance Company, and Ovation Home Insurance Exchange. Since 2005, the organization has provided underwriting, claims, operational, financial, technology, and strategic support services to help its carrier partners deliver competitive homeowners insurance solutions and exceptional customer experiences. Formerly known as Florida Peninsula Managers, the organization rebranded as Windward Risk Managers in 2024, reflecting its continued evolution while maintaining the experienced leadership and operational expertise that have supported its managed carriers for more than two decades. Learn more: www.windwardrisk.com

Windward Risk Managers Promotes Cindy Murphy to Chief Accounting Officer

New York's attempt to make fossil fuel-producing industries pay into a $75 billion fund to repair the damage wrought by climate change was struck down by a federal judge, who said the sweeping law reaches beyond a state's responsibility and into an area of federal interest.

The law, signed in 2024 by Democratic Gov. Kathy Hochul, was challenged in court by a range of fossil fuel interests, business associations including the U.S. Chamber of Commerce, 22 Republican state attorneys general and the U.S. Environmental Protection Agency.

U.S. District Judge Brenda Sannes ruled Monday that the state's climate law operated on territory governed by federal law for over a century and sought damages for the cumulative impact of conduct that has occurred nearly everywhere on Earth.

That, she wrote, conflicts with the need for a uniform national energy and environmental policy, and is otherwise not authorized by the federal Clean Air Act, which designates the EPA as the primary regulator of planet-warming greenhouse gas emissions.

Separately, trying to collect damages from foreign fossil fuel producers is preempted by foreign affairs doctrine, making it unconstitutional, Sannes wrote.

Climate change activists urged Hochul's administration to appeal. A spokesperson for Hochul's administration said “taxpayers shouldn’t have to foot the bill for damages caused by polluters” and that the administration was reviewing the decision to determine its next steps.

President Donald Trump's administration previously challenged Michigan, Hawaii and Vermont over similar laws after he declared a “ national energy emergency ″ and ordered his attorney general to take action against states that may be illegally overreaching their authority in how they regulate energy.

In a statement, the Department of Justice said it is “delivering on President Trump’s order to protect American energy from state overreach.”

“New York’s law would have expropriated $75 billion from energy companies around the world during an energy emergency and in direct defiance of American foreign policy and federal law,” Adam Gustafson, a principal deputy assistant attorney general, said in a statement.

New York's law had required companies responsible for substantial greenhouse gas emissions to collectively pay $3 billion a year over 25 years into a fund for infrastructure projects meant to repair or avoid future damage from climate change.

Lawmakers approved the bill to force big oil and gas companies to contribute to the cost of repairs inflicted by extreme weather events and to underwrite resiliency projects such as coastal wetland restoration and upgrades to roads, bridges and water drainage systems.

The biggest emitters of greenhouse gases between 2000 and 2018 were to be subjected to the fines.

Associated Press reporter Anthony Izaguirre in New York contributed to this report.

Follow Marc Levy at http://twitter.com/timelywriter.

FILE - A thick haze hangs over Manhattan in New York on July 20, 2021. (AP Photo/Julie Jacobson, File)