Tom Gallagher, an éminence grise or elder statesman of the Florida property insurance coverage world and present chief working officer for Folks’s Belief Insurance coverage Co., now has one other job to placed on his resumé: board member for the Florida Insurance coverage Warranty Affiliation.
Florida’s chief monetary officer, Jimmy Patronis, introduced final week that he had appointed Gallagher to the FIGA Board of Administrators, filling a emptiness left after a earlier board member’s time period had expired. The board now has seven members, and might have as many as 9.
FIGA, which handles claims left behind by bancrupt insurers and should often problem bonds and lift assessments on insurers to pay for these claims, has seen its oversight undergo some important adjustments within the final two months.
The manager director for the previous two years, Corey Neal, stepped down in Might to turn out to be government vp at SageSure. 4 FIGA board members additionally left after their phrases had been accomplished, and 4 new members have now been appointed.
In a profession that spans 5 many years, Gallagher, 80, has served as state treasurer, chief monetary officer, insurance coverage commissioner (1989 to 1995 and once more from 2001 to 2003), and as a state legislator. He additionally was state schooling commissioner.
Gallagher helped begin an insurance coverage company in 2008 and has been a advisor for Colodny Fass, a regulation agency that makes a speciality of insurance coverage litigation and regulation issues. He joined Folks’s Belief, based mostly in Deerfield Seaside in 2017, the corporate famous.
Related: Patronis Names GEICO Claims Director to FIGA Board, Giving Board an Auto Insurance Rep
Subjects
Florida
A.J. Gallagher
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