Latest Department of Financial Services Headlines
All the headlines from our Department of Financial Services Topic Page, ordered by recency.
Florida CFO Recovers $4.4 Million for Insurance Consumers
Apr 16 2010 // Florida insurance consumers have recovered more than than $4.4 million since January from insurance companies with the help of the state. Citing an example, CFO Alex Sink said that a Naples homeowner contacted the...
Officials File Civil Lawsuit against 3 Former Florida Insurance Companies
Apr 1 2008 // The Florida Department of Financial Services filed a civil lawsuit against the officers, directors and affiliates of three former Florida insurance companies, according to Chief Financial Officer Alex Sink. Lawyers for...
DFS suggests Fla. homeowners reforms
Mar 19 2006 // The Florida Department of Financial Services in Tallahassee has announced a new round of homeowner-friendly insurance reforms to better protect and prepare Floridians for a catastrophic event, and to help them shop for...
Rayborn outlines Florida insurance agency requirements to Latin Association
Mar 6 2006 // The requirements for Florida insurance agencies to be licensed by the state before Oct. 1, with fines of up to $10,000 for not licensing, were discussed in a presentation “Agency Licensing, Are You Prepared? That is...
Fla. Electric Company Owner Charged With Fraud, Grand Theft
Feb 13 2006 // Edward L. Bee, the owner of two Bartow, Fla. electric companies, Bee Corporation Inc. and Harris Electric, has been charged with workers’ compensation fraud by the Florida Department of Financial Services Fraud...
Fla. CFO Gallagher Voices Support for Tax-Deferred CAT Fund Reserves
Nov 21 2005 // The serious challenge to Florida’s economy, the rising cost of property insurance and five solutions to hurricane issues were discussed on Nov. 7 in Tallahassee by Florida’s CFO Tom Gallagher at a briefing...
Fla. CFO Gallagher Voices Support for Tax-Deferred CAT Fund Reserves
Nov 20 2005 // The serious challenge to Florida’s economy, the rising cost of property insurance and five solutions to hurricane issues were discussed on Nov. 7 in Tallahassee by Florida’s CFO Tom Gallagher at a briefing...
Lack of Electricity, Gasoline Slows Hurricane Wilma Recovery Efforts
Nov 7 2005 // Four days after Hurricane Wilma crossed southwest Florida and tore into South Florida, insurance agents in Naples and Miami told Insurance Journal they had not encountered the onslaught of claims they expected, but...
Lack of Electricity, Gasoline Slows Hurricane Wilma Recovery Efforts
Nov 6 2005 // Four days after Hurricane Wilma crossed southwest Florida and tore into South Florida, insurance agents in Naples and Miami told Insurance Journal they had not encountered the onslaught of claims they expected, but...
FAIA Stands Up for Agent, Files Amicus Court Brief on DFS Due-Diligence Decision
Nov 2 2005 // The Florida Association of Insurance Agents has filed an amicus (friend of the court) brief with the First District Court of Appeal in a case involving an insurance agent who appealed a Final Order of the Department of...
DFS Emergency Rule Caps Public Adjuster’s Fees in Florida
Oct 26 2005 // An emergency rule has been issued in Florida capping public insurance adjuster’s fees at 10 percent of claim payment and giving consumers up to 14 days to rescind a contract with a public adjuster without penalty....
DFS Spokesperson Outlines Fla. Agency Licensing Requirement Changes
Oct 17 2005 // Changes in Florida’s legislation during the spring session and new administrative changes requiring agency licensure or registration were described by Hazel Muhammad, bureau chief of Agent and Agen-cy Licensing with...
DFS Spokesperson Outlines New Licensing Changes, Requirements to PIA of Florida
Sep 29 2005 // Changes in Florida’s legislation during the spring session and new administrative changes requiring agency licensure or registration were detailed by Hazel Muhammad, bureau chief of Agent and Agency Licensing with...
FAIA Extends MATS Seminar Online Registration Date
Sep 27 2005 // The deadline to register online has been extended to Sept. 30 for the Florida Independent Insurance Agents Management and Automation Training Seminar and Exhibit. The seminar and exhibit will be held by FAIA Oct. 16 to 18...
Early Registration Deadline Sept. 23: FAIA Announces Management and Automation Training Seminar Topics
Sep 1 2005 // A line-up of expert management and technology speakers have been announced by the Florida Association of Insurance Agent’s Management and Automation Training Seminar, “MATS 2005,” taking place Oct. 16 to...
DFS Tells PIA of Fla.: Global Insurance Group an ‘Unauthorized Entity’
Aug 1 2005 // Some Professional Insurance Agents of Florida members have contacted the association’s headquarters in Tallahassee to ask about Global Insurance Group Inc. headquartered in Aventura, Fla. Global has been aggressively...
$120,000 In ‘Ditched’ Vehicles Offered ‘For Sale’ to DFS Undercover Officers
Jul 20 2005 // Eight individuals have been apprehended in West Palm Beach, Fla. for attempting to claim more than $120,000 in auto insurance theft benefits; but, there was one hitch, they attempted to “ditch” the vehicles by...
DFS Mobilizing Second Mobile Response Unit in Destin, Fla.
Jul 13 2005 // A second mobile response unit will be established in Destin, Fla. and the Department of Financial Services will also be located in four disaster recovery centers being operated by the Federal Emergency Management Agency,...
FAIA ‘Roundups’ Analyze Florida Legislation, Its Impact
Jul 4 2005 // A summary and analysis of 2005 Florida legislation and its impact on the insurance industry, including detailed analyses of SB 1912, SB 530, SB1486, HB 501, HCB 6001 and HB 19 were presented to Florida Association of...
FAIA ‘Roundups’ Analyze Florida Legislation, Its Impacts
Jun 8 2005 // A summary and analysis of 2005 Florida legislation and its impact on the insurance industry, including detailed analyses of SB 1912, SB 530, SB1486, HB 501, HCB 6001 and HB 19, were presented by Florida Association of...
