Florida Department of Financial Services News

Florida Business Owner Accused of Evading $200K in Workers’ Comp Premium

A Florida business owner is accused of evading paying nearly $200,000 in workers’ compensation insurance premiums over the course of a year, according to a statement from the Florida Department of Financial Services. Chief Financial Officer (CFO) Jimmy Patronis announced …

Insurers Pay $4.1M in Claims During Recent Hurricane Michael Claims Villages

Claims villages hosted by the Florida Department of Financial Services since August 2019 have led to the resolution of $4.1 million in insurance claims for nearly 750 residents impacted by Hurricane Michael, according to a statement from DFS. In total, …

Florida’s New Consumer Advocate Tackles Open Hurricane Michael Claims

Florida’s new Insurance Consumer Advocate Tasha Carter has been busy since taking office August 1. With more than 12,000 Hurricane Michael claims still open, according to the Florida Office of Insurance Regulation, one of Carter’s top priorities has been to …

Florida Officials Say Insurers Not Doing Enough to Settle Hurricane Michael Claims

It’s been just over a year since Hurricane Michael made landfall in the Florida Panhandle, devastating the region as a Category 5 storm with 161-mph winds and causing more than $7.2 billion in estimated insured losses, according to the Florida …

3 Arrested in Miami in $39K PIP Fraud Scheme

Three people in Miami have been arrested in an alleged $39,000 personal injury protection (PIP) fraud scheme, according to a statement from the Florida Department of Financial Services. Alean Machado, Barbarito Leyva-Claro, and Yoandra Rodriguez-Pena were charged with insurance fraud, …

Miami Contractor Arrested Over $737K in Workers’ Comp Fraud

A Florida contractor was arrested this month for an alleged workers’ compensation fraud scheme totaling nearly $737,000, according to a statement from Chief Financial Officer (CFO) Jimmy Patronis. Norma Lopez Cedillo, president of Nuvo Contractor, Inc., allegedly evaded paying nearly …

Florida Insured Losses from Hurricane Michael Top $2B, And Growing

Total estimated insured losses from Hurricane Michael have reached more than $2.1 billion, according to the most recent data from the Florida Office of Insurance Regulation. The current number of claims from Hurricane Michael, a Category 4 storm that hit …

Florida Restoration Contractor Arrested Over $140K AOB Fraud Scheme

A restoration contractor company owner has been arrested over an alleged assignment of benefits (AOB) fraud scheme that impacted 19 homeowners in eight Florida counties and one Texas county, according to a statement from Florida Chief Financial Officer (CFO) Jimmy …

More Than $8.4M Recovered for Florida Insurance Consumers After Hurricane Irma

The Florida Division of Consumer Services helped recover nearly $23.4 million for Florida consumers since last summer, with $8.4 million of those dollars directly related to Hurricane Irma, according to a statement from Florida’s Chief Financial Officer Jimmy Patronis. Since …

Florida Department of Financial Services Names Alexopoulos Farrar Communications Director

Anna Alexopoulos Farrar will join the Department of Financial Services (DFS) as Communications Director, according to a statement by Chief Financial Officer Jimmy Patronis. In this capacity, she will oversee the communications strategy for the department. Alexopoulos Farrar has more …