Tag Archives: florida insurance

Florida to Shut Down Insolvent Northern Capital

By Advocate Claims Public Adjusters | Published: April 8, 2010

Florida insurance officials have moved to shut down Northern Capital Insurance Co. after concluding that the firm is insolvent. The Office of Insurance Regulation (OIR) made an official request to the state’s Department of Financial Services (DFS) to initiate delinquency proceedings on Wednesday. Northern Capital CEO Wayne Fletcher and company directors signed an order consenting [...]

Florida Insurers’ Fees To Affiliates Questioned

By Advocate Claims Public Adjusters | Published: March 29, 2010

Consumer advocates call for more scrutiny as insurers report losses and request rate hikes By Julie Patel, Sun Sentinel Florida property insurers are pressing state legislators to allow them to raise rates without regulator approval, citing losses in recent years. But consumer advocates and regulators question the legitimacy of the losses after four hurricane-free years [...]