Vanguard Fire & Casualty Company ordered into receivership
 

TALLAHASSEE, Fla. – Jan. 22, 2007 – Vanguard Fire & Casualty Company, a property insurer for about 75,000 homeowners in Florida, was ordered into receivership by a Leon County judge and will be overseen by the Florida Department of Financial Services.

Leon County Circuit Court Judge Terry P. Lewis ordered Maitland-based Vanguard into receivership for purposes of rehabilitation. Vanguard stopped writing new coverage earlier this month and announced it would not write renewal coverage after April 19, 2007. 

Lewis signed the order after the company consented to being placed in receivership. The Florida Department of Financial Services will continue to process and pay claims and will assist consumers who may need help finding new policies. 

“Our priority is to make sure these policyholders are taken care of,” says Florida’s Chief Financial Officer Alex Sink, who oversees the department. The department’s Division of Rehabilitation and Liquidation will oversee the receivership, which had been recommended by the Office of Insurance Regulation. 

Consumers with questions regarding Vanguard Fire & Casualty Company should visit the company’s Web site at www.vanguardfc.com or contact the company directly: 

To report a new claim: (888) 343-5585

To check on the status of an existing claim: (866) 830-6423

To check billing/payment status: (800) 824-9109

For other policy or claim inquiries, consumers may call Vanguard Fire & Casualty Company’s main consumer line: (866) 830-6423. 

For any other questions, consumers can call the Florida Department of Financial Services at (800) 882-3054. Additional information regarding Vanguard Fire & Casualty Company and the receivership process will be available on the Division’s Web site, 
www.floridainsurancereceiver.org

© 2007 FLORIDA ASSOCIATION OF REALTORS®