Florida Department of Financial Services’ (DFS) News

Rehabilitation of Florida Insurer Windhaven Deemed ‘Useless’; Judge Orders Liquidation

Plans to rehabilitate Florida auto insurer Windhaven Insurance Co. have been deemed “useless” and the company will instead be liquidated. In a Jan. 6 order, Leon County Court Judge Ronald W. Flury said the Florida Department of Financial Services, which …

Florida Auto Insurer Windhaven Placed Into Rehabilitation

The future of another Florida domestic insurer is now in the hands of state regulators. Non-standard private passenger auto insurer Windhaven Insurance Co. (WIC), based in Miami, has been placed into rehabilitation by a Florida court and the Florida Department …

Florida Insurance Agent Arrested Over $99K Senior Annuity Scam

A Florida insurance agent has been arrested for allegedly defrauding a Florida senior of approximately $99,000 in an annuity investment scam, according to a statement from the Florida Department of Financial Services (DFS). Florida Chief Financial Officer (CFO) Jimmy Patronis …

Sexual Harassment Scandal Rocks Florida CFO’s Office; Banking Regulator Fired

The Florida Cabinet fired the state’s top banking regulator last week, a week after the release of a state investigator’s report asserting that the official misused his public office and subjected women to sexual harassment. The firing of Financial Regulation …

Florida CFO: More Than $40M Recovered for Insurance Consumers in 2018

More than $40.5 million was recovered for Florida insurance consumers in 2018, including $17.4 million recovered for Hurricane Michael victims, by the state’s Insurance Consumer Helpline, according to a statement from Florida CFO Jimmy Patronis. Patronis said the Florida Department …

Florida Deputy Arrested for Filing False Auto Claim with GEICO

A deputy with the sheriff’s office in Orange County, Fla., has been arrested after he allegedly filed a false and fraudulent automobile insurance claim with GEICO Insurance Co., according to a statement from the Florida Department of Financial Services (DFS). …

Florida Woman Arrested in $68K Hurricane Irma Scam

A Florida woman has been arrested for alleged unlicensed practice of public adjusting and grand theft related to Hurricane Irma, according to a statement from the Florida Department of Financial Services. Mary Bruce is accused of attempting to steal more …

Unlicensed Adjuster Arrested for Stealing $14K from Homeowners After Irma

An unlicensed insurance adjuster has been arrested over unlicensed public adjusting activities and the filing of false and fraudulent liens on individuals’ homes following Hurricane Irma, according to a statement from the Florida Department of Financial Services. Chief Financial Officer …

Florida Extends Continuing Education Deadline for Insurance Professionals

Licensed insurance professionals working in the Florida Panhandle have been granted an extension of continuing education deadlines in an effort to help accelerate Hurricane Michael recovery efforts in the region, according to a statement from Chief Financial Officer Jimmy Patronis. …

Florida Disaster Fraud Team Makes Arrest Over $30K in Fraudulent Irma Claims

A Palmetto Bay, Fla., man was arrested last month for allegedly defrauding Citizens Property Insurance Corp. of more than $30,000 relating to Hurricane Irma, according to a statement from Florida Chief Financial Officer. Carlos Guillermo Aponte, 44, of Palmetto Bay …