Nothing wrong with UCF’s Roofclaim deal, lots wrong with how it got torpedoed | Editorial - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 4, 2020 Newswires
Share
Share
Post
Email

Nothing wrong with UCF’s Roofclaim deal, lots wrong with how it got torpedoed | Editorial

Orlando Sentinel (FL)

Ethics has been defined as doing the right thing when nobody is looking.

Not enough people were looking when the University of Central Florida was considering a naming-rights deal for its on-campus stadium, and still the deal got scuttled for all the wrong reasons.

Ugly got uglier when a state lawmaker retaliated with a bill that would require state leaders to approve naming-rights deals at public universities.

The bill is the end result of a process that lacked ethical awareness. That should be a standard ingredient when decisions are reached, but policy-makers were oblivious to conflicts of interests.

Either that, or they didn't care enough to recuse themselves when it would have been the right thing to do.

"Some didn't like (the deal), so they’re punishing this company and UCF,” said Ben Wilcox of Integrity Florida, a nonprofit ethics watchdog group.

The company is Roofclaim.com, a roofing firm that negotiates and litigates repairs and payments. The insurance industry has been at war with companies like Roofclaim.com, saying they push for unneeded or excessive repairs.

Roofclaim.com would have paid UCF $35 million over 15 years for naming rights to the school’s football stadium and other considerations. UCF Athletics Director Danny White presented it to the UCF Foundation Board of Directors at December’s meeting.

Board member Alan Florez raised objections to the Roofclaim.com deal, saying legislators might not like it. Florez works for Foundation Risk Partners, an insurance brokerage firm. State Rep. Tom Leek, R-Ormond Beach, is the firm’s chief legal officer.

The foundation board had to approve the deal before forwarding it to the UCF Board of Trustees. Florez voted against it, but the measure passed and went to trustees for final approval.

Trustees were supposed to convene the next day. That meeting was suddenly postponed.

UCF Interim President Thad Seymour eventually sent a letter telling members the Roofclaim.com deal was off. In the interim, Rep. Randy Fine, R-Palm Bay, filed a bill that would require universities to get legislative approval for athletic facility sponsorships valued at $1 million or more.

Fine said he didn’t understand how a deal like the one with Roofclaim.com “inherently has value to the school beyond the money.”

Funny, legislators never had such qualms when the University of Florida renamed the Stephen C. O’Connell Center the Exatech Arena, after signing a deal with the medical device company.

They also raised no objections when USF signed a 10-year deal that renamed its basketball arena the Yuengling Center.

That's Yuengling, as in beer. Given the perpetual problem with underage drinking on campus, it's hard to see how the deal "inherently has value to the school beyond the money."

“You could scrutinize probably every single one of our corporate partners and find something politically wrong with them," White said at the UCF Foundation meeting. “There’s so many polarizing things for all of these companies.”

So why did Roofclaim.com get singled out?

You'd need quite a few Yuenglings to believe the insurance industry didn't spring into action.

Industries have every right to lobby policy-makers, but policy-makers should not vote on measures that, as the state ethics code puts it, “inure to their own special private gain or loss."

UCF’s policy is similar, and both leave a lot of ethical wiggle room. In this case, unless a board member worked for Roofclaim.com or had some other glaring connection, they could vote on the deal.

In this self-policing system, it’s too easy for the cops to make like “The Three Wise Monkeys.” The famous 17th-century pictorial is carved above the entrance to a Japanese temple, showing three monkeys covering their eyes, ears and mouth.

See no evil. Hear no evil. Speak no evil.

It’s been going on so long, politicians and the public just accept it as a way of life. Consider that 4,510 bills have been filed in this year’s legislative session. Senators are required to post a memorandum notifying the public if they have a conflict of interest. Guess how many memos have been posted this year.

Zero.

As for the House of Representatives, who knows? It doesn’t even require members to file conflict-of-interest notifications.

Sen. Juan Rodriguez, D-Miami, has filed bills the past two years that would tighten disclosure rules. They went nowhere, though Rodriguez still has faith in the system.

"There are things we can do," he said. "I'm trying to figure out what they are."

A good start would be more clearly defining what “inure to their own special private gain or loss" means. But ultimately, it’s a matter of policy-makers taking an honest look in the mirror when it comes to conflicts of interest.

Right now, they’d too often see Three Wise Monkeys staring back at them.

Editorials are the opinion of the Orlando Sentinel Editorial Board and are written by one of its members or a designee. The Editorial Board consists of Opinion Editor Mike Lafferty, Jay Reddick, David Whitley and Editor-in-Chief Julie Anderson. Send emails to [email protected].

___

(c)2020 The Orlando Sentinel (Orlando, Fla.)

Visit The Orlando Sentinel (Orlando, Fla.) at www.OrlandoSentinel.com

Distributed by Tribune Content Agency, LLC.

Older

North American Headlines at 10:58 p.m. EST

Newer

Florida coronavirus update for Wednesday, March 4: Expert answers your questions

Advisor News

  • How smart investments prepare clients for inflation
  • Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
  • The biggest risk to your clients’ financial plans isn’t market volatility
  • Initiative looks at how caregiving impacts workplace benefits
  • Will rising retirement needs spark an annuity boom?
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Annuity News

Health/Employee Benefits News

  • A Brooklyn Health Clinic Offers a Safety Net For New Yorkers That May Lose Insurance
  • Politicians, consumers blast health insurers’ requests for double-digit rate hikes. What to know.
  • Final rules for Medicaid work requirements are out. Here's what you need to know.
  • Final rules for Medicaid work requirements are out. Here's what you need to know.
  • Hyde-Smith blasts health care delays
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Issue Credit Ratings of Weston2038 LLC’s Credit-Linked Notes
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
  • Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
  • KBRA Releases Research – Private Credit: Much Ado About Nothing – Perspectives on Columbia Business School Paper About Private Ratings
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet