Category: Florida Department of Financial Services

On November 4, 2009, the Florida Department of Financial Services (“DFS”), Division of Consumer Services held a Rule Development Workshop on Proposed Rule 69J-9.001, entitled “Database of Information Relating to Sinkholes.”   The DFS is required by law to consult with …

  On November 2, 2009, the Florida Department of Financial Services, Division of Agent and Agency Services held a Rule Development Workshop on Proposed Rule 69B-211.320 entitled “Curriculum Standards for Special Designation.”  For applicants seeking designation as an Accredited Claims …

On Thursday, October 29, 2009, the Florida Insurance Guaranty Association (“FIGA”) Finance and Audit Committee (“Committee”) met in Tampa and heard the following reports: American Guarantee Fund Group 2008 Audit Report 990 Tax Return Investment Report Florida Insurance Assistance Interlocal …

On Friday, October 30, 2009, the Florida Insurance Guaranty Association (“FIGA”) Board of Directors (“Board”) met in Tampa.  Below is a summary of the meeting and actions taken by the Board, including a recommendation for assessments that was approved unanimously.   …

Investigations by the Florida Division of Insurance Fraud have resulted in the arrest of South Florida-based public adjuster Bernard Benaim for the third time this year for bilking three senior citizens out of more than $100,000 in insurance compensation that …

American Keystone Insurance Company has been ordered into “receivership for the purposes of liquidation” by the Leon County Circuit Court today, October 12, 2009.  The Florida Department of Financial Services (“DFS”) has been appointed as the receiver.  To view a …

The Florida Division of Insurance Fraud has arrested Jose Peris, the owner of Insurance Force Corp., d/b/a FED USA Insurance Agency, for submitting over 3,800 bogus insurance premium finance contracts worth more than $14 million to numerous premium finance companies. The …

The Florida Department of Financial Services (“DFS”) reported today, August 26, 2009, that Leon County Circuit Court Judge Charles A. Francis has ordered Miami-based First Commercial Insurance Company (“FCIC”) and its wholly owned subsidiary, First Commercial Transportation and Property Insurance …

  With Tropical Storm Claudette now having made landfall in Florida’s Panhandle, Chief Financial Officer Alex Sink has activated the State’s Storm Line at 1-800-22-STORM.   Those victims suffering a property loss who are unfamiliar with the insurance claim process or need …

A scheduled Florida Department of Financial Services (“DFS”), Division of Agent and Agency Services hearing on proposed Rule 69B-241: Penalty Guidelines for Bail Bond Agents was held on Tuesday, August 11, 2009. The proposed Rule would establish clear standards for …