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TAMPA, Fla. (WFLA) — Florida insurance regulators fined a $100,000 property insurance company for a claim error in the wake of Hurricane Ian in 2022.
According to a consent order document provided by the Florida Department of Insurance Regulation, Centauri Specialty Insurance Company provided a disclosure statement in providing payments for claims that were not fully and final payments, as it failed to use a properly appointed coordinator.
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Insurance regulators pointed to 168 instances using insurance adjusters that were not properly appointed. Florida law requires them to be licensed and appointed.
The office said Centauri “did not provide a specific disclosure statement when providing payments for claims that were not fully and final payments on the 141 instance.”
Centauri received a $100,000 fine plus $2,000 administrative fees. As part of the agreement, we have acknowledged that we may face administrative penalties if we violate the terms of the future consent order.
