Florida regulators levy $2.07 million in fines against eight insurers

Florida’s Office of Insurance Regulation has fined eight property casualty companies, including three local ones, more than $2 million for the firms' handling of claims, and more fines could be on the way.

The fines come after examinations of the companies’ claims handling processes by the state’s Market Conduct Unit, which found there were issues with how they dealt with clients in the aftermath of hurricanes Ian in 2022 and Idalia in 2023.

There are two examinations still pending.