2023 FIGA Assessment Update

Update:  See OIR’s Order to levy 2023 FIGA Emergency Assessment for All Other Account. On March 31, 2023, the FIGA Board of Directors approved a 1% emergency assessment on its members. FIGA’s emergency assessment is necessary to secure funds for the payment of covered claims relating to the liquidation of United Property & Casualty Insurance

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United Property & Casualty Insurance Company

Liquidation Date: February 27, 2023NAIC Number:10969Claim Deadline: February 27, 2024 Policy Cancellation Date: March 29, 2023 [except for Flood Claims] Effective February 27, 2023, United Property & Casualty Insurance Company (“Company” or “UPC”) was ordered into liquidation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services (“Department” or “Receiver”)

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FedNat Insurance Company

Liquidation Date: September 27, 2022 NAIC Number:10790 Claim Deadline: September 27, 2023 Effective September 27, 2022, FedNat Insurance Company (“Company” or “FedNat”) was ordered into liquidation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services (“Department” or “Receiver”) is the court appointed receiver for the Company. Copies of

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2022B FIGA Assessment Update

Update:  See OIR’s Order to levy 2022B FIGA Assessment for All Other Account. On August 19, 2022, the FIGA Board of Directors approved a .70% assessment on its members. FIGA’s new assessment is necessary to secure funds for the payment of covered claims relating to the liquidation of Southern Fidelity Insurance Company and Weston Property

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Weston Property & Casualty Insurance Company

Liquidation Date: August 8, 2022 NAIC Number:11853 Claim Deadline: August 8, 2023 Policy Cancellation Date: September 7, 2022 Effective August 8, 2022, Weston Property & Casualty Insurance Company (“Company” or “Weston”) was ordered into liquidation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services (“Department” or “Receiver”)

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Southern Fidelity Insurance Company

Liquidation Date: June 15, 2022 NAIC Number: 10136 Claim Deadline: June 15, 2023 Policy Cancellation Date: July 15, 2022 Effective June 15, 2022, Southern Fidelity Insurance Company (“Company” or “Southern Fidelity”) was ordered into liquidation by the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services (“Department” or “Receiver”)

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FIGA Invitation to Negotiate TPA Claim Services

The American Guaranty Fund Group (AGFG) and Florida Insurance Guaranty Association (FIGA) is seeking proposals from firms interested in providing TPA Claims Services.  AGFG is a service company created to provide management and administrative services related to all post-insolvency claims filed with Florida Insurance Guaranty Association (FIGA).  The selection of

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