A new federal court ruling concerning the scope of insurance regulatory oversight could affect all players in the Florida insurance industry, a life settlement company executive says.
Alan Buerger, chief executive officer of Coventry First L.L.C., Fort Washington, Pa., was reacting to a ruling that a federal judge in Tallahassee, Fla., issued in favor of the Florida Office of Insurance Regulation, and against Coventry.
The Florida insurance office wants the authority to examine Coventry’s agreements with consumers outside Florida.