Florida Insurance Company Fined $1 Million for Inadequate Response Post-Hurricane Ian
In a significant regulatory action, the Florida Office of Insurance Regulation imposed a $1 million fine on one of the state’s prominent homeowners insurance companies, Heritage Insurance, for its inadequate handling of claims following Hurricane Ian. This Tampa-based insurer, which manages roughly 150,000 policies in Florida, agreed to the fine after findings of several procedural failures emerged. Heritage Insurance was