Florida Property Insurance Company Goes Under

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Florida Property Insurance Company Goes Under

Florida property insurance company goes under, leaving policy holders scrambling. State regulators ordered the liquidation of Avatar on March 14. THE COMPANY ALSO SAYS INFO ABOUT UNCASHED CLAIMS WILL GO TO THE FLORIDA INSURANCE GUARANTY ASSOCIATION. Avatar's website says their account with Bank of America is frozen. Just this year, two Florida property insurance companies are liquidating.Florida's already shrinking property insurance market is about to get a little smaller, with fewer options for homeowners to insure their home. Since 2017, WESH 2 investigates found out that a total of six Florida property insurance companies have gone into receivership. Roof replacements and litigation have impacted a lot of companies who either pass those rising costs on to their policyholders or stop operating in the state.

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