Make us your home page
Instagram

Attorney for Ask Gary founder blames state order on paperwork error

A paperwork error triggered state regulators to seek suspension of the license of an auto insurance company connected to accident attorney referral firm Ask Gary, according to an attorney representing the company.

As the Times previously reported, Florida Insurance Commissioner Kevin McCarty late Thursday said that auto insurer AGIC Inc. was in unsound financial condition with a surplus under its required $4 million. The company also was late in filing financial statements and wrongly co-mingled funds from other sources to raise its surplus, according to McCarty.

An attorney for Sarasota chiropractor Gary Kompothecras, who is both Ask Gary founder and president of AGIC, denied the allegations Friday.

"AGIC has not wrongfully co-mingled any funds," attorney Gregory Zitani said in a statement. "This situation is a result of paperwork errors and an error by AGIC's bank. Additionally, AGIC's shareholder has contributed $1.2 million in new funds and continues to back the company financially, as needed."

Zitani said the state's action does not impact Kompothecras' practice nor the referral service widely known for its 1-800-Ask Gary commercials and its former branding of the Florida State Fairgrounds amphitheater in Tampa.

AGIC has 21 days to formally respond to McCarty's suspension order and remains licensed to operate in Florida in the meantime.

Attorney for Ask Gary founder blames state order on paperwork error 04/26/13 [Last modified: Friday, April 26, 2013 7:43pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. 'Road to Nowhere' is back: Next phase of Suncoast Parkway coming

    Roads

    Despite intense public opposition and dubious traffic projections, the Florida Department of Transportation has announced that construction of the toll road known as "Suncoast 2" is expected to start in early 2018.

    The Suncoast Parkway ends at U.S. 98 just south of Citrus County. For years residents have opposed extending the toll road, a project dubbed the "Suncoast 2" into Citrus County. But state officials recently announced that the Suncoast 2 should start construction in early 2018. [Stephen J. Coddington  |  TIMES]
  2. A sports rout on Wall Street

    Retail

    NEW YORK — Sporting goods retailers can't shake their losing streak.

  3. Grocery chain Aldi hosting hiring event in Brandon Aug. 24

    Retail

    BRANDON — German grocery chain Aldi is holding a hiring event for its Brandon store Aug. 24. It is looking to fill store associate, shift manager and manager trainee positions.

  4. Lightning owner Jeff Vinik backs film company pursuing global blockbusters

    Corporate

    TAMPA — Jeff Vinik's latest investment might be coming to a theater near you.

    Jeff Vinik, Tampa Bay Lightning owner, invested in a new movie company looking to appeal to a global audience. | [Times file photo]
  5. Trigaux: Look to new Inc. 5000 rankings for Tampa Bay's future heavyweights

    Business

    There's a whole lotta fast-growing private companies here in Tampa Bay. Odds are good you have not heard of most of them.

    Yet.

    Kyle Taylor, CEO and founder of The Penny Hoarder, fills a glass for his employees this past Wednesday as the young St. Petersburg personal advice business celebrates its landing at No. 25 on the 2017 Inc. 5000 list of the fastest growing private companies in the country. Taylor, still in his 20s, wins kudos from executive editor Alexis Grant for keeping the firm's culture innovative. The business ranked No. 32 last year. [DIRK SHADD   |   Times]