State fines insurer $1M over Hurricane Ian violations

Author: Aisling Swift, Gulfshore Business
Published: Updated:
Flood Insurance
Credit: WINK News

The state fined Heritage Property & Casualty Insurance Co. $1 million May 9 for mishandling Hurricane Ian claims and violating state insurance laws. 

The Tampa-based insurer, which faced suspension or revocation in Florida for nine violations, agreed to be fined and to pay $10,000 in administrative costs for violations that include failing to acknowledge receiving claims within 14 calendar days and not paying or denying claims within 90 days, according to a consent order signed by Florida Insurance Commissioner Michael Yaworsky.  

The agreement followed an examination and March report by the state Office of Insurance Regulation. 

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