Taken alone, that is not a conflict of interest.
If the part about "insurance agent and insurer" is also accurate, that's the part that looks odd. Is it accurate?
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Here you go:

SCCA/SCCA PRO Master Insurance Plan 2006
Summary of SCCA Participant Accident Coverage
Written by ACE American Insurance Company
through Wisenberg Insurance + Risk Management

http://www.wisenberg.com/TeamMembers.htm

My question is are we also paying for Pro racing's liability?