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Florida's Division of Insurance Fraud continues to lead the fight against insurance fraud under the leadership of Colonel John Askins. During Fiscal year 2008/2009, investigative efforts by The Division of Insurance Fraud resulted in 982 cases presented for prosecution, 834 arrests, and 532 convictions. Also during Fiscal Year 2008/2009, The ...
Florida Department of Financial Services (FLDFS) is a state agency of Florida.Its headquarters are in Tallahassee. [1] In 2002 the Florida Legislature merged the Department of Insurance, Treasury and State Fire Marshal and the Department of Banking and Finance into one department, the Florida Department of Financial Services.
Executive branch agencies and departments nominally under the authority of the Governor include: [1] [2] Agency for Health Care Administration (AHCA); Florida Board of Governors
The crisis in the Florida insurance market. Florida has always been a complex home insurance market. Since 2017, eleven property and casualty companies that offered homeowners insurance in Florida ...
The Florida Insurance Guaranty Association (FIGA) was created by the Florida Legislature in 1970 as a nonprofit corporation to process covered claims of insolvent members by or against Florida policyholders with a limit of $300,000 per residence or non-residence commercial; $200,000 per condominium unit. Association members are all Florida ...
The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32] That is in addition to a 0.7% for 2022, a 1.3% assessment from July 1 2022 to June 30 2023, and another 0.7% ending December 31 2023. [32]
The average rate of car insurance in Florida is $3,945 per year for full coverage, which includes collision and comprehensive insurance, while minimum coverage is available for an average cost of ...
For example, a life insurance agent’s commission can be quite considerable during the first year of the policy, but often very small thereafter; and whole life insurance policies will earn a ...