The State of Florida is in the process of replacing the current Insurance Commissioner Kevin McCarty. As this blog has outlined in prior posts, McCarty has been a fair and effective commissioner under very difficult circumstances. His departure will be a loss for Florida’s insurance consumers.
A few weeks ago, applications for the post were due.1 Shortly thereafter, the Governor and Cabinet began interviewing certain applicants. After those interviews, it became apparent that two individuals were the leading contenders-Rep. Bill Hager and Jeffrey Bragg. There were concerns with each of these applicants.
As outlined by the Palm Beach Post in, Insurance commissioner candidate misled investors, suit said, Bragg was accused in a lawsuit of signing misleading documents in a flood insurance venture that harmed investors to the tune of tens of millions of dollars. As outlined by Politico Florida in Leading insurance commissioner candidate solicited industry for business, Hager…