Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Florida home insurance startup company People’s Trust, which sells products from a call center, has signed a consent order to pay $155,000 in penalties and to stop writing policies until it meets certain regulatory criteria, it was announced today.

Announcement of the settlement by Florida Insurance Commissioner Kevin McCarty appears to end a dispute that saw People’s Trust Chief Executive Officer Mike Gold accuse Florida Chief Financial Officer Alex Sink of moving against him because of pressure from an agent group.


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.