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
Continue readingWeston 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”)
Continue readingUpdate on FIGA’s Invitation to Negotiate
FIGA will hold an open meeting on Friday, October 14, 2022 at 1:30pm to discuss the TPA selections pending Board approval. For those interested in listening to the meeting, please call Susan Ferguson at (850)523-1855 for details.
Continue readingSouthern 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”)
Continue readingFIGA 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
Continue readingLighthouse Property Insurance Corporation
Liquidation Date: April 28, 2022 NAIC Number:13207 Claim Deadline: August 23, 2022 Effective April 28, 2022, Lighthouse Property Insurance Corporation [“Company” or “Lighthouse”] was ordered into liquidation by the 19th Judicial Circuit Court in the parish of East Baton Rouge, Louisiana. The Louisiana Department of Insurance (“Department” or “Receiver”) is the court appointed receiver
Continue readingAvatar Property & Casualty Insurance Company
Liquidation Date: March 14, 2022 NAIC Number:13139 Claim Deadline: March 14,2023 Effective March 14, 2022, Avatar Property & Casualty Insurance Company (“Company” or “Avatar”) 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
Continue reading2022 Assessment Update
2022 Assessment Update Update: See OIR’s Order to levy 2022 FIGA Assessment for All Other Account. On March 8, 2022, the FIGA Board of Directors approved a 1.3% assessment on its members. FIGA’s new assessment is necessary to secure funds for the payment of covered claims relating to the liquidation of St. Johns Insurance
Continue readingSt. Johns Insurance Company
Liquidation Date: February 25, 2022 NAIC Number: 11844 Claim Deadline: February 25, 2023 Effective February 25, 2022, St Johns Insurance Company (“Company”) 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 the
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