Predicting what our legislators will pass or not pass this early in session is for the young and daring. I am surely not the one, and often not the other. So, instead of making win-or-lose declarations before the buzzer sounds, I decided to ruminate on a few select insurance issues — a prerogative of the old and cautious.
Kudos: To the Florida Association of Insurance Agents for formally questioning some of the actions of People's Trust Insurance Co., and to CFO Alex Sink and Insurance Commissioner Kevin McCarty for listening. Investigations by the two offices revealed numerous insurance code violations, including allowing unlicensed personnel to transact insurance. In early March, Sink's office took action regarding the unlicensed personnel. Two weeks later, McCarty's office and the company entered into a Consent Order requiring Peoples to stop writing new policies until it complies with provisions in the Order, and to pay penalties.
To the Florida Surplus Lines Association for its Herculean efforts to overturn the Essex v. Zota decision. This misguided Florida Supreme Court decision needs to be fixed, and hopefully bills pending in the House and Senate will do that.
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