HomeHome InsuranceEight insurers fined for post-storm claims handling violations

Eight insurers fined for post-storm claims handling violations


Eight home insurance companies have been fined a total of $2.1 million for claims-handling misconduct, including failure to deny or pay claims on a timely basis, following hurricanes Ian and Idalia, the Florida Office of Insurance Regulation said on Tuesday.

The eight companies, identified in a news release, are American Coastal Insurance Company, American Mobile Insurance Exchange, Centauri Specialty Insurance Company, Clear Blue Insurance Company, Monarch National Insurance Company, Sutton National Insurance Company, Tower Hill Prime Insurance Company and TypTap Insurance Company.



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