Florida Specialty CEO Disputes State Regulator’s Claims, Says Insurer Not Insolvent October 24, 2019 By Amy O'Connor The head of recently shuttered Florida Specialty Insurance Co. says that claims by Florida’s insurance regulator that the company is...
State Finds Florida Specialty Insurance Insolvent; 90K Homeowners Lose Coverage October 7, 2019 By Amy O'Connor Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state...
14 Arrested in Miami Assisted Living Facility Insurance Fraud Scheme May 19, 2017 A year-long investigation led by insurance fraud investigators with the Florida Department of Financial Services has ended with 14 arrests...
Top Florida Stories of 2016: The End of Florida’s Hurricane Drought December 14, 2016 By Amy O'Connor In September, Hurricane Hermine broke Florida’s hurricane drought that had lasted since 2005. The category 1 storm hit the Florida...
Citizens Assesses Hurricane Response as 2016 Season Comes to a Close December 1, 2016 Citizens Property Insurance Corporation expressed satisfaction with its response efforts to the first hurricanes to hit Florida in more than...
Miami Agent Gets 2-Year Prison Sentence for Issuing Fake Insurance Policies August 4, 2016 A former insurance agent in Miami has been convicted and sentenced to prison on multiple felony charges, including creating fake...
Fitch: Florida Specialist Insurers Largely Untested By Hurricanes June 2, 2016 The majority of Florida’s homeowner specialist insurers have brief histories, and their ability to manage a large catastrophic hurricane is...
Florida Approves First Citizens Take-Out Offers for 2016 November 9, 2015 The Florida Office of Insurance Regulation (OIR) has approved the removal of up to 127,266 personal residential policies and 3,268...
Florida Approves Removal of Up to 280,857 Policies From Citizens August 12, 2015 The Florida Office of Insurance Regulation announced today that it has approved the removal of up to 279,357 personal residential...
Citizens’ Takeout Program Undergoing Changes; Says Assessments Unlikely December 11, 2014 By Michael Adams Faced with a rising number of consumer complaints, Florida’s state-backed property insurer has announced a series of changes to its...