Questions Raised about FIGA Board Changes, Now With No Auto Insurer Reps
In May, Florida’s chief financial officer sent out a notice that he had appointed new members to the Florida Insurance Guaranty Association’s board of directors. Just a week later, though, one of those appointees, a State Farm employee, was replaced.
The reshuffling has left the board of FIGA, which oversees claims when insurance companies become insolvent, with no auto insurer representatives—at least for now. It’s not clear if state law requires auto insurance companies to be represented on the board.