Annuity probes drop in Florida — sparking questions
Department of Financial Services, Jeff Atwater, Insurance Regulation News, annuity
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Department of Financial Services, Jeff Atwater, Insurance Regulation News, annuity
The Florida Office of Insurance Regulation has announced a public hearing at which it will investigate claims settlement practices in the life and annuity industry. The OIR has directed that representatives of two insurers appear in Tallahassee on May 19 to address its concerns, and OIR advises that it continues to examine other insurers. According […]
On April 13, 2011, a judgment for more than $76 million was handed down by the Complex Litigation Division of the Miami-Dade Circuit Court against the former owners of Aries Insurance Company. The judgment announced by CFO Atwater, follows an extensive investigation by the Department of Financial Services (Department) that determined that Marcos Fraynd and […]
Florida Legislature, Jeff Atwater, Insurance Regulation News, auto insurance fraud
Citizens Property Insurance Corporation, Jeff Atwater, Rick Scott, Florida Cabinet
Jeff Atwater, Rick Scott, Chief Financial Officer, Florida Cabinet
The new year marks a new beginning for Florida’s Financial Services Commission. Under Florida’s regulatory structure, the Governor and Cabinet make up the four-member Financial Services Commission. This collegial body has rulemaking authority for the Office of Insurance Regulation and Office of Financial Regulation. In addition, the Financial Services Commission is responsible for employing the […]