Judge orders Coral Insurance into receivership

A Leon County Circuit Court judge has put Coral Insurance into receivership , effectively ending the company’s operations.

Hollywood-based Coral has an agreement with Security First Insurance and MacNeill Group to provide replacement coverage for its policyholders. The Florida Department of Financial Services is the receiver for the company.

“Our top priority is to help make the coverage transition for policyholders as smooth as possible for Floridians,” said Florida chief financial officer Alex Sink. “I urge all Coral Insurance policyholders to contact their agents and determine the best option as this transition takes place.”