Tag: OIR

Office Approves Removal of 97,231 Policies for the October Citizens Insurance Take-Out

​TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (Office) has approved the removal of up to 91,499 multi-peril personal residential policies and 5,732 commercial lines polices from Citizens Property Insurance Corporation (Citizens) to the following four companies: · Heritage Property & Casualty Insurance Company has been approved to remove

State Asks to Liquidate Physicians United

Florida’s Department of Financial Services on Friday asked a judge to allow a takeover of the troubled Physicians United Medicare Advantage HMO. The DFS filed a petition in Leon County Circuit Court to place the Orlando-based plan into receivership because it is insolvent. The company’s May financial statement reported assets