Judge appoints receiver for insolvent insurer Weston

TALLAHASSEE

A Leon County circuit judge has appointed the Florida Department of Financial Services as a receiver for the insolvent Weston Property and Casualty Insurance Co.

Judge Angela Dempsey issued an order Monday, after the department last week requested the appointment.

Weston notified state regulators on July 27 that it was insolvent and agreed to go into receivership, according to court documents.

Dempsey’s order said Weston’s remaining policies will be canceled in 30 days.

Amid widespread problems in the state’s property-insurance market, Weston became the fifth insurer declared insolvent since late February, following Southern Fidelity Insurance Co., Lighthouse Property Insurance

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