Florida consent order News

Florida Approves Anthem Bid to Acquire Cigna’s Florida-based Affiliates

The Florida Office of Insurance Regulation (OIR) has issued a Consent Order (see below) approving, with additional requirements, Anthem, Inc.’s (Anthem) application to acquire 100 percent of the issued and outstanding voting securities of HealthSpring of Florida (d/b/a Leon Medical …

Sunshine State Insurance Co.’s Future Unclear After UPC Deal Falls Through

The future for Florida’s Sunshine State Insurance Co. (SSIC) is unclear now that a deal by another insurer to rescue it has fallen through. United Insurance Holdings Corp. (UPC Insurance Co.) yesterday announced it had terminated its bid to acquire …