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Florida Department of Financial Services ( FLDFS) is a state agency of Florida. Its headquarters are in Tallahassee. [1] In 2002 the Florida Legislature merged the Department of Insurance, Treasury and State Fire Marshal and the Department of Banking and Finance into one department, the Florida Department of Financial Services. [2]
2003. Formation. 2002. Website. www .myfloridacfo .com. The chief financial officer of Florida is an elected statewide constitutional officer of Florida. The office was created in 2002 following the 1998 reforms of the Florida Cabinet. The CFO is a combination of the former offices of comptroller and treasurer/insurance commissioner/fire marshal.
A 2021 analysis by then-Florida Insurance Commissioner David Altmaier found that Florida made up 8% of the nation’s homeowners’ claims in 2019, but 76% of its lawsuits. Although critics note ...
Badge of the Division of Insurance Fraud. Established by the legislature in 1976, The Division of Insurance Fraud is the law enforcement arm of the Department of Financial Services and is responsible for investigating insurance fraud; crimes associated with claim fraud, insurance premium fraud, workers' compensation claim fraud, workers’ compensation premium avoidance and diversions, insurer ...
Another consumer services company, Bankrate, puts the average Florida insurance premium at $5,533 for a $300,000 home compared to the $2,230 national average for a home valued at the same level.
Florida accounts for 79% of the nation's homeowners insurance litigation, she said, but only 8% of eventual claims paid out. For those claims that are paid, about 71% of the money goes to ...
C. Thomas Gallagher III (born February 3, 1944) is an American politician, financier, and insurance agent from the state of Florida and a member of the Republican Party. Gallagher holds the distinction of having served more years as an elected state official than any other individual in Florida history. He began his career in the Florida House ...
“This is a test for the entire insurance industry,” said Michael Carlson, president of the Personal Insurance Federation of Florida, referencing Hurricane Ian. The federation represents State ...