Lawmaker: Four Term Elected Member of the Florida House of Representatives. I recently served as an Elected Member of the Florida House of Representatives. I was Elected to the Florida House from Palm Beach County in 2010, Re-elected in 2012 and in 2014 and in 2016 and served until January of 2109, when, under Florida law, I was term limited out.
During the entire eight years at the Florida House, I served as a Member of the Insurance Committee and served as well as Vice Chair of the Insurance Committee and served as well on the upstream parent of the Insurance Committee, namely the Commerce Committee. All insurance bills must ultimately pass through the Commerce Committee.
Florida is an insurance intensive state for all kinds of reasons, meaning most all key insurance issues were considered or addressed during my service and were handled either by me directly (along with the balance of the Committee, of course) or by other Members of the Committee or by the Insurance Committee operating as a whole. My work in this regard included sponsoring and co-sponsoring insurance and reinsurance legislation; presenting such legislation to the Insurance Committee and to the upstream parent committee, namely the Commerce Committee and presenting the bill before the entire House of Representatives. I also participated in hearings either as Vice Chair (and Chairing the hearings) or as a participating Member, inquiring of those proposing the legislation.
In all of this, I have become very familiar with and possess an clear understanding of legislation and of construing insurance legislation and have become as well, very familiar with the role of the legislature (regardless of the state) as to insurance matters and the role of Insurance Regulators as to legislation and as to the balance of the regulators’ obligations, based both on this Florida experience and based as well on having served previously as Iowa’s Commissioner of Insurance.
Issue: Insurance regulations and the reasonableness of particular actions or inactions taken by an insurance department (DOI) periodically becomes an issue in litigation. The importance of regulatory standards of practice cannot be overstated. The situation arises most often as an insurance company defense. For example, when regulators fail to uncover fraud during a company examination the examined insurer alleges they should be fully or partially absolved from liability. Additionally, reinsurers and others often allege failure by a DOI to act quickly enough in face of an impending insolvency – thus driving up the total amount of the ultimate insolvency losses.
Overall. Mr. Hager has pervasive and extensive experience as to the appropriateness of insurance regulations/regulatory actions, having participated extensively on both sides of regulator decisions in almost all of the various states for over 25 years.
Specific Expert Testimony as to What Constitutes Standard Regulatory Practices.
- Articulation of applicable regulatory standards of practice;
- Determination of whether specific regulatory action actually undertaken complied with how mainstream state insurance departments handled or would have handled the particular issue; and
- Concluding that the particular regulatory action taken did (or did not) comply with standard insurance regulations and practices.
- Regulatory Insurance Standards Expert Witness