CEO alleges Alabama wrecked his business

April 9, 2007

A former campaign supporter of Alabama Governor Bob Riley is suing him and other present and former state officials, accusing them of conspiring to drive him out of the insurance business.

John W. Goff of Mont gomery filed the suit in Mont-gomery County Circuit Court. The suit alleges that Riley, state Insurance Commiss ioner Walter Bell, former Lt. Gov. Steve Windom and others worked together to wreck Goff’s workers’ compensation business.

“Goff went from being one of Alabama’s leading and reputable insurance providers to being wrongfully disgraced, publicly humiliated and financially ruined as a result of a vendetta waged against him by the defendants and others,” the suit said.

The Alabama Insurance Department filed an administrative complaint against Goff in July 2004. Goff’s suit alleges that many of the statements in the complaint were false, and it ruined his business.

The department accused Goff of collecting more than $800,000 from Alabama customers and agents and not passing along the money to XL Specialty Insurance and Greenwich Insurance. The complaint listed 50 businesses, churches, colleges and charities across the state that it said paid more than $800,000 for insurance, but Goff never gave XL and Greenwich their share. .

Topics Alabama

Was this article valuable?

Here are more articles you may enjoy.

From This Issue

Insurance Journal Magazine April 9, 2007
April 9, 2007
Insurance Journal Magazine

Top 100 Retail Agencies; Energy/Oil & Gas; Cyber Risk/Identity Theft