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Statements from CFO Sink and General Milligan on Insurance Consumer Advocate Legislation

3/13/2007

CONTACT:  Tara Klimek or Brannon Jordan
(850) 413-2842 
 
TALLAHASSEE, FL— Led by State Senator Bill Posey (R- Rockledge), the Senate Banking and Insurance Committee today unanimously approved Senate Bill 1884, which expands the Office of the Insurance Consumer Advocate. 
 
In response, Florida Chief Financial Officer Alex Sink issued the following statement:
 
“This bill puts consumers on more equal footing with insurance companies and gives them a louder voice.  I applaud Senator Posey and the other senators for taking this step to expand the Office of Insurance Consumer Advocate.”
 
General Bob Milligan, Insurance Consumer Advocate, also issued the following statement:
 
“As the Insurance Consumer Advocate, it’s my goal to help educate and help defend the rights of Floridians when it comes to insurance.  Today, consumers took a big step toward being invited to the table when insurance decisions are made.”
 
SB 1884 will now proceed to the Senate General Government Appropriations and Rules Committees, before being heard on the Senate Floor.  Floridians can go online at www.fldfs.com/ica/ to learn more about the Insurance Consumer Advocate’s office.
 
This bill builds on CFO Sink’s and General Milligan’s vision to expand the Office of the Insurance Consumer Advocate to include the ability to intervene as a party in legal and administrative proceedings, have access to the public model for hurricane loss projections, investigate insurance schemes or practices that adversely affect Floridians, appeal any action taken by the Office of Insurance Regulation, and hire additional staff in the areas of health and life insurance.
 
As a statewide elected officer of the Florida Cabinet, Chief Financial Officer Alex Sink oversees the Department of Financial Services, a multi-division state agency responsible for management of state funds and unclaimed property, assisting consumers who request information and help related to financial services, and investigating financial fraud. CFO Sink also serves as the State Fire Marshal.
 
General Milligan, Florida’s Insurance Consumer Advocate, was elected Florida's Comptroller from 1994 until 2002.  General Milligan served in the U.S. Marine Corps for 35 years, rising to the rank of lieutenant general (3 stars).  While a member of the Florida Cabinet, General Milligan helped create the current position of Chief Financial Officer.  Throughout his service, he was known for doing what was right and putting people ahead of politics.