Florida’s Division of Monetary Companies has posted its enforcement actions for a lot of the final half of 2024, itemizing 12 insurance coverage brokers and 43 adjusters who had been penalized, suspended, or had their licenses revoked or voluntarily surrendered them.
From June via November, the division reported 192 enforcement actions, a tempo that’s barely greater than what was seen within the second quarter of the yr. Most actions this summer season and fall had been taken towards life and medical insurance brokers, however public adjusters got here in second in variety of actions.
“Notification of enforcement actions is within the public curiosity,” DFS stated in a press release.
Officers famous that the itemizing, posted periodically, doesn’t replicate pending appeals or hearings. A few of the actions had been the results of settlements that had been finalized with a division order.
Among the finest-known property-casualty insurance coverage brokers to be disciplined is Reid McDaniel, a North Fort Myers company proprietor who was suspended in September. A month earlier than, the 33-year-old McDaniel made headlines across the state when he was charged with embezzling greater than $22,000 in premiums paid by an area enterprise. Learn extra here.
Two different brokers had been charged with or pleaded responsible to related misappropriation of premiums. Aymee Barbara Curbelo, of Weston, was a producer appointed by among the best-known property carriers in Florida. She was accused of preserving auto insurance coverage premiums and giving faux certificates of insurance coverage to the insureds. Her license was revoked by the DFS.
Katlyn Dennis, of Palm Seaside Gardens, additionally pleaded responsible to misappropriation of insurance coverage funds. She obtained a sentence of 5 years’ probation, and her license was revoked.
One company in Stuart, Florida, signed prospects up for well being plans with out their consent, DFS stated. Three different brokers had been disciplined for failing to report disciplinary actions by different jurisdictions, together with California regulators, the federal Monetary Industrial Regulatory Authority, and the Facilities for Medicare and Medicaid Companies.
The complete listing of enforcement actions may be seen here. The topics of the actions should not listed by occupation, however names or license numbers may be entered into the Florida Division of Administrative Hearings search site, to see the DFS disciplinary orders.
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