We've referred to the insurance director of the Consumer Federation of America as “Insurance Industry Gadfly” J. Robert Hunter so often that I wouldn't be surprised if he'd been tempted to check his birth certificate to see if his mama had burdened him with that moniker. But the truth is that Bob has given the industry a ton of grief over the years, including a recent report accusing property insurers of “overcharging” to reap “excessive” profits. Thus, you could hear the industry's collective gasp when the news broke that the “legendary” Mr. Hunter had been tapped in Florida to help calculate property insurance rate reductions mandated by the recently passed reform law.
In appointing Mr. Hunter, Florida Insurance Commissioner Kevin McCarty described him as legendary. He is truly one of the great minds on issues surrounding the insurance industry, and I am grateful we were able to attract him to Florida to take on this very important project.
The industry might be more likely to describe Bob as “infamous,” but be that as it may, the former Texas insurance commissioner is already on the scene to crunch the numbers.
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