This started in May and has been and will continue to be under investigation by the office of Insurance Regulation and The Insurance Commissioner’s office(Kevin McCarty). For this 40K policies they removed they have received another 33 Million in cash payouts from Citizens to take them Immediately instead of waiting till the renewal which was always done in the past. Heritage did give Governor Rick Scott and many others some big Campaign Contributions and they in turn had this deal almost slip under the radar, but it was caught.Barry Gilway, the head of Citizens Insurance said this was not intended, but any carrier can do the same deal. Sure they have paid several hundred claims and paid out 2-3 million so far, but they were allowed to Cherry Pick(Underwrite) the policies they wanted. If that was me, I would pick any policy that does not have a current claim pending and has not had a Claim while they were in Citizens so they are less likely to have one. Looks Like Heritage is the winner so far at about 30 million so far plus the premiums from the clients which all take out carriers receive. How will this affect Fort Lauderdale and South Florida, time will tell and the next Hurricane will tell us more about financial solvency. In the meantime, please enjoy the full article below. Please call L & S Insurance at 1-888-244-7400 for quotes on Home, Auto, Flood, Business & Commercial Coverage and Life Insurance products as well.

http://www.insurancejournal.com/news/southeast/2013/09/27/306476.htm