Florida CFO Appoints Former Lawmaker, Automotive Seller Lawyer to Residents’ Board

Florida’s chief monetary officer has named a Pensacola lawyer and businessman to the Residents Property Insurance coverage Corp. Board of Governors.

Frank White, normal counsel for certainly one of northwest Florida’s largest automotive dealerships, and a former state legislator and former candidate for Florida legal professional normal, will substitute Scott Thomas, a Jacksonville legal professional who has served on the board since 2020.

“I’ve little question that Frank’s experience and perception will likely be an asset to Residents policyholders statewide,” Florida CFO Jimmy Patronis mentioned in a press release Monday. “Thanks to outgoing board member Scott Thomas for his years of service and exhausting work on behalf of Floridians.”

White is well-known within the Florida Panhandle for his political candidacies and for his enterprise and authorized work. He’s the founding father of Tag Tech, which gives title processing and software program to auto sellers, fleet homeowners and vehicle public sale corporations. Till 2010, he practiced regulation within the Dallas workplace of Akin Gump, a nationwide regulation agency.

White additionally served within the Florida Home of Representatives, from 2016 to 2018, when he ran for state legal professional normal, however was defeated by Ashley Moody. In 2023, White ran for state Senate.

Residents board members and its CEO in recent times have proven a dedication to elevating Residents’ charges to make it much less engaging to customers and to strengthen the Florida insurance coverage market. White’s politics counsel he will likely be consistent with that philosophy. The board voted final summer time to hunt the utmost charge improve allowed by regulation, about 14%. However Florida regulators final week shot that down, approving only a 6.6% average rate increase for householders’ multi-peril insurance policies.

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