Accused of misappropriating more than $34,000 in homeowners’ claims payments, a North Miami Beach, Fla., insurance adjuster has had his license to conduct business in the state suspended.

A Florida senator is repeating his call for the ousting of the state’s insurance commissioner, calling his behavior “reprehensible” and saying he is no longer trustworthy.

Nearly 30,000 policies provided through Florida-based Magnolia Insurance are set for cancellation on the heels of the company going into receivership.

A Davie, Fla., insurance agent is accused of scamming senior citizens out of millions of dollars by making misrepresentations on life insurance applications to later sell them as stranger-originated life insurance (STOLI) policies.

A Florida insurance agent lost his licenses to do business in the state after regulators say he participated in an annuity scheme generating more than $100,000 in commission for him and his agency.

Florida’s chief financial officer is calling for a report on the financial health of the state’s property insurers heading into hurricane season.

Five Florida residents, including a claims adjuster for Zurich Insurance Group, are accused of stealing more than $240,000 from the insurer by creating multiple false and fabricated claims.

Jose V. Peris of Miami, Fla., was arrested on charges of theft from a premium finance company in September. On Oct. 8, he was put in handcuffs again, this time for allegedly stealing $14 million by submitting thousands of fake premium finance contracts for fictitious policyholders.

Four Florida seniors who lost their life savings following an annuities scheme were reimbursed $1.2 million from the state’s department of financial services.

A month after being placed into rehabilitation, a Miami, Fla.-based insurance company and its subsidiary are to be liquidated.

Leon County Circuit Court Judge Charles A. Francis issued the order for …  Read →