Search
 

In Praise of Insurance

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

By Joan E. Collier, Joan E. Collier | Updated on March 31, 2009

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.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.