Overview
- The Florida Office of Insurance Regulation on Monday fined Kin Interinsurance Network and Slide Insurance Company $250,000 each over hurricane claims misconduct.
- The move closes market-conduct examinations of 10 carriers stemming from Hurricanes Ian in 2022 and Idalia in 2023.
- State-issued penalties tied to those probes now total $2,575,000, according to the regulator.
- Examiners found Kin failed to provide required disclosure statements for both storms and did not pay or deny some Hurricane Ian claims within 90 days.
- Slide was cited for using unappointed adjusters and for missing required disclosure statements, and officials highlighted $14.5 million in consumer restitution and continued oversight commitments.