FL: 5 Bankrupt Insurers & Counting

Sun-Sentinel headline: Weston Property & Casualty becomes fifth insurer this year to go insolvent
By Ron Hurtibise
South Florida Sun-Sentinel

Aug 04, 2022 at 6:31 pm


In another sign of distress for Florida’s property insurance industry, Coral Gables-based Weston Property & Casualty has become the fifth insurer to be declared insolvent in 2022.

Insurance Commissioner David Altmaier on Wednesday asked the Department of Financial Services’ Division of Rehabilitation and Liquidation to initiate delinquency proceedings against the company and prepare to place in into receivership.

On July 29, the company’s president and board of directors signed an agreement admitting it was insolvent and consenting to the appointment of a receiver.