The Department of Financial Services has received reports of an unlicensed entity selling bogus homeowners insurance. Global Insurance Group, headquartered in Aventura, Fla., has been aggressively advertising that it offers the lowest windstorm insurance rates in Florida. When asked about its licensing status, a company representative reported that it sells coverage through a company named Global Property and Casualty Insurance. Neither entity is either licensed or authorized to sell insurance in Florida.
Was this article valuable?
Here are more articles you may enjoy.
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’ 
US P/C Insurers Post Biggest Q1 Underwriting Profit in 25 Years 
CopperPoint Insurance to Acquire Surety Specialist General Indemnity Group 
Half of Pilots Killed in US Accidents Tested Positive for Drugs From This Issue
