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Today marks the fifth anniversary since this tragedy
unfolded, and the pain of that day’s events is still with us.
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GALLAGHER SUSPENDS AGENT FOR MISLEADING
PARENTS TRYING TO SAVE FOR THEIR CHILDREN’S COLLEGE
Chief Financial Officer Tom Gallagher has suspended the licenses of an agent who misrepresented insurance policies to consumers, making them think they were saving money for their children’s college funding. Franz Caville Wallace III, 54, of Jacksonville, agreed to a one-year suspension and restitution to settle a 13-count administrative complaint that found he had misled a dozen consumers into buying life insurance policies by telling them the policy was a “savings-type account “ that could later be used in its entirety to pay for college expenses. He failed to disclose that the only way to access the money was through an interest-bearing loan. “These parents were looking for a way to invest in their children’s future, and this individual sought to steal their children’s dreams,” said Gallagher, who oversees the Department of Financial Services which conducted the investigation that led to the charges. CONTINUED |
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STRENGTHEN YOUR HOME THROUGH MY SAFE FLORIDA HOME
Interest in the My Safe Florida Home program has been tremendous! Over
42,000 completed applications have been received for free home inspections from
Floridians throughout the state who want to strengthen their homes against
the devastating effects of hurricanes. The need to create a culture of
preparedness in Florida continues, and the My Safe Florida Home program is a
significant step towards that goal. |
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WANT TO SAVE MONEY ON YOUR INSURANCE
PREMIUMS? |