Latest Department of Financial Services Headlines
All the headlines from our Department of Financial Services Topic Page, ordered by recency.
Dueling Regulators: Florida OIR Slams DFS in Effort to Combine Agency Insurance Oversight. DFS Pushed Back.
Apr 21 2025 // In a March memo to lawmakers, Florida’s Office of Insurance Regulation sharply criticized the state’s rather unique two-agency insurance regulatory structure, arguing that the Department of Financial Services...
Florida OIR Faults DFS in Move to Combine Regulatory Functions. DFS Pushes Back
Apr 7 2025 // In a March memo to lawmakers, Florida’s Office of Insurance Regulation sharply criticized the state’s rather unique two-agency insurance regulatory structure, arguing that the Department of Financial Services...
Florida DFS Posts Latest Enforcement Actions Against Agents, Adjusters
Dec 27 2024 // Florida’s Department of Financial Services has posted its enforcement actions for much of the last half of 2024, listing 12 insurance agents and 43 adjusters who were penalized, suspended, or had their licenses...
Fla. DFS Offers to Check Contracts With Roofers, Adjusters; Tenn. Eyes Claims Denials
Oct 30 2024 // Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims. The Tennessee Department of...
Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens, DFS Says
Sep 12 2024 // A Florida home inspector allegedly used the same stock photographs in more than 200 home and wind-mitigation inspections, costing Citizens Property Insurance Corp. more than $88,000, the state Department of Financial...
DFS: Florida Claims Adjuster Arrested in $11M Scheme that Sent Checks to Conspirators
Sep 29 2023 // Additional arrests are expected after a 41-year-old south Florida claims adjuster was charged this week in an elaborate scheme that allegedly rang up more than $11 million in fraudulent insurance payments to hundreds of...
Florida DFS Provides Grants for Firefighters’ Cancer Decontamination Equipment
Aug 16 2023 // Florida firefighters are covered by a limited presumption if they are diagnosed with cancer, but some fire departments still need special cleaning systems to remove carcinogens from gear. To help with that, Florida’s...
Payroll Was Millions More than Florida Contractor Reported, DFS Says
Jul 27 2023 // A south Florida contractor faces significant jail time after he was arrested for vastly underreporting his payroll to his workers’ compensation insurer. Hector Gutierrez-Morales, owner of HG & AKE Construction...
Florida DFS Charges Claims Adjuster with Submitting $24,000 in Fraudulent Auto Claims
May 26 2023 // Florida investigators have charged a former Progressive Insurance claims adjuster with fraud, alleging that she used claimants’ identities to submit fraudulent auto claims, then pocketed almost $24,000 in...
Florida DFS Posts Autopsy Reports on 18 Insolvent Insurers, 2012-2017
May 23 2022 // A week after a Florida news report pointed out that few people seem to know that post-insolvency autopsies are required by law, the state Department of Financial Services has posted 18 of the reports for property insurers...
Florida DFS Charges Two Roof Contractors in ‘Free Roof’ Scheme
Mar 17 2022 // The recent arrest of two men associated with a large Florida roofing company, on charges of offering “free roofs” and rebates to cover homeowners’ insurance deductibles, has met with strong reactions...
Florida DFS Takes Action Against Public Adjuster Insurers Had Crossed With
Mar 4 2022 // After several months of investigation, Florida regulators have filed an official action against a public adjuster that insurance companies had complained about, a move that could soon lead to the suspension of his license...
St. Johns Insurance Insolvent, to be Liquidated, Florida DFS Reports
Feb 28 2022 // St. Johns Insurance Co., one of the larger property/casualty insurers based in Florida, is now insolvent and will soon be liquidated. The Florida Department of Financial Services posted a notice Friday that a judge in Leon...
Florida DFS Adds More Property Insurance Fraud Investigators
Dec 6 2021 // Florida’s Department of Financial Services has added 13 employees, 10 of whom are sworn law enforcement officers, to investigate property insurance fraud in the state, Chief Financial Officer Jimmy Patronis...
DFS Charges Miami Insurance Agent with Filing False Claim on Diamond Ring
Nov 8 2021 // Florida authorities have arrested a Miami insurance agent and his accomplice for allegedly filing $22,000 in false insurance claims on a diamond ring that was never stolen. David Abraham Jauregui was charged with insurance...
New York DFS Announces New Climate Change Division, Appoints Dr. Chen to Lead
Nov 3 2021 // In its latest move to address the effects of climate change, the New York Department of Financial Services (DFS) announced a new climate risk division and appointed Dr. Nina Chen as its executive deputy superintendent. Dr....
Florida DFS Mum After it Drops Public Adjuster Investigation
Oct 25 2021 // Florida property insurers may remember the strange case of Contender Claims Consultants and its associate, now-suspended Miami attorney Scot Strems. Back in 2019, it was the height of concerns about abuses of the...
DFS Directs New York Insurers to Expedite Tropical Depression Ida-Related Claims
Sep 7 2021 // The New York State Department of Financial Services (DFS) has issued a circular letter to New York-regulated insurers to expedite Tropical Depression Ida-related insurance claims. On September 1, 2021, the remnants of...
DFS Issues New Report on Insurers’ Management of Climate Change Risks
Jul 30 2021 // The New York State Department of Financial Services (DFS) has issued a report analyzing New York domestic insurers’ management of the financial risks from climate change based on their 2020 responses to the National...
New York Fines NRA $2.5M, Halts Its Insurance Business in the State for Five Years
Nov 19 2020 // The New York State Department of Financial Services (DFS) has entered into a settlement with the National Rifle Association (NRA) to resolve alleged violations of New York insurance law. The settlement includes a monetary...
