Florida’s Office of Insurance Regulation (OIR) is referring the Miami, FL-based Weston Property & Casualty Insurance to receivership, just as the insurance company’s ratings were withdrawn.
The regulator submitted an affidavit to be reviewed and approved by a Leon County court judge on August 02. ABC Action News reported that the affidavit reveals that the OIR’s concerns with the insurer began in 2020, when the regulator observed Weston borrowing millions of dollars from Weston Insurance Management.
