Florida insurer hit with $1 million fine for actions after Hurricane Ian [Yahoo! Finance]
Heritage Insurance Holdings, Inc. (HRTG)
Last heritage insurance holdings, inc. earnings: 2/27 04:05 pm
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Source: Yahoo! Finance
Tampa-based Heritage Insurance was slow to respond to claims, slow to pay claims, used improperly licensed adjusters and kept poor records, the Florida Office of Insurance Regulation found. The company, which has nearly 150,000 policies in Florida, has agreed to pay the fine Regulators' findings confirm what many Floridians say they experienced after Ian struck Southwest Florida as a Category 4 storm in September 2022. Taking a random sample of a few hundred of the company's Ian claims, examiners found numerous violations of state laws: •In 21.6% of the cases, Heritage didn't pay or deny claims within 90 days. •In 30.3% of the cases, Heritage did not acknowledge it had received communication about a claim from the policyholder within 14 days. •In 42.9% of the cases, Heritage did not ensure that its adjusters provided policyholders with the adjusters' name and license number. •In 4% of the cases, Heritage used adjusters that were not properly licensed. In all, regulato
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HRTG
News
- United Heritage Insurance Selects Guidewire InsuranceNow to Modernize Operations for Business Growth [Yahoo! Finance]Yahoo! Finance
- Heritage Insurance Holdings, Inc. (NYSE: HRTG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Is Heritage Insurance (HRTG) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Heritage Insurance Holdings, Inc. Just Missed Earnings - But Analysts Have Updated Their Models [Yahoo! Finance]Yahoo! Finance
- Heritage Insurance Holdings, Inc. (NYSE: HRTG) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
HRTG
Earnings
- 5/1/24 - Miss
HRTG
Sec Filings
- 5/9/24 - Form 4
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 4
- HRTG's page on the SEC website