TAMPA, Fla. (WFLA) — Eight insurers were penalized in Florida due to misconduct for business practices during Hurricanes Ian and Idalia, Insurance Commissioner Mike Yaworsky announced.
In total, the companies face penalties of $2 million.
The commissioner said the companies used adjusters not properly appointed, didn't acknowledge receipt of claims communications in a timely manner, didn't include certain disclosure statements when providing estimates on damage claims, failed to provide Homeowners Claims Bill of Rights, failed to pay interest when owed, and more.
One of the companies had error rates of over 60% for Hurricane Ian and over 80% for Hurricane Idalia for not including disclosure statements, Yaworsky said.
The following companies were penalized:
Yaworsky said two additional