FOR IMMEDIATE RELEASE:
How Florida insurers got rich while your premiums exploded—and what Noble Public Adjusting Group wants every policyholder to know
If you’re a Florida homeowner, this might sting: While your insurance premiums were skyrocketing, and while insurers were crying poor and blaming hurricanes, fraud, and lawsuits—behind the scenes, many of them were raking in cash and funneling it out of reach.
We’re not talking small change. We’re talking billions.
A recently uncovered report reveals that from 2017 to 2019—while Florida’s insurance market was supposedly in crisis—insurance companies were quietly transferring massive amounts of money to insider-owned affiliates and paying out $680 million in dividends to investors.
Florida insurance company corruption isn’t just a headline—it’s a wake-up call for every homeowner paying more and getting less.
Let’s Be Clear: They Lied to You
At Noble Public Adjusting Group, we fight for policyholders every day. We’ve seen what happens when claims are denied, delayed, or underpaid. But this latest revelation goes even deeper—it’s about how the whole system was rigged from the top.
Insurers claimed they were losing money left and right. They used that excuse to raise your premiums again and again. But behind closed doors, many of these same companies were:
Paying themselves through affiliate companies they also owned
Moving profits off the books to avoid scrutiny
Weakening their own financial standing—while reporting losses to regulators
Paying out fat dividends to investors
Meanwhile, you were stuck with the bill—and left hoping they’d still be solvent when the next hurricane hit.
The Real Cost of Florida Insurance Company Corruption
Here’s how the game works:
The insurance company (the one regulated by the state) limits its profits to stay compliant.
That company then pays inflated fees to affiliate businesses—claims managers, underwriting services, policy processors—that it secretly owns.
These affiliates aren’t regulated the same way. They can rake in profits with almost zero oversight.
The insurance company reports a loss… and uses that to justify raising premiums or pulling out of the market.
This isn’t innovation. It’s financial sleight of hand.
Florida insurance company corruption has allowed insurers to play poor to regulators and rich to shareholders—all while your premiums go up, your coverage shrinks, and your claims get harder to collect.
The Results? A Hollow Industry Built to Collapse
By shifting profits away from the core insurance company, these businesses made themselves look poorer than they really were. That weakened their ability to cover major losses when disasters hit.
So what happened?
Insurers failed—leaving policyholders in the lurch.
The state’s backup insurer, Citizens, ballooned in size.
Policyholders were forced into higher premiums or bare-bones coverage.
Thousands of claims were left unpaid or mishandled.
Let’s be honest: this wasn’t just mismanagement. This was intentional.
And it was done at your expense.
Why Didn’t Lawmakers Stop It?
Great question. The truth is, they could have.
A 2022 report commissioned by the state laid all of this out in black and white. But it was buried—never shown to lawmakers, never made public, and never used to shape legislation. Not until the Tampa Bay Times got hold of it in 2025 did the public learn just how deep this rabbit hole went.
In the meantime? Politicians passed laws that:
Made it harder to sue insurance companies
Reduced your ability to collect attorney’s fees
Claimed the problem was “frivolous litigation” and “fraud”—not corporate greed
Let that sink in.
They silenced your legal options and handed the insurance industry more protection—while the industry was already bleeding itself dry from the inside.
What This Means for You Right Now
This isn’t just old news. It’s still happening. And unless there’s real reform and real oversight, it could happen again.
As public adjusters, we’re in the thick of it. We see homeowners every week who are:
Fighting denied or underpaid claims
Facing massive premium increases
Being told their policy won’t be renewed
And now we know the truth: Florida insurance company corruption created an industry more focused on protecting profits than protecting people.
So what can you do?
Noble’s Guide: Protect Yourself, Your Property, and Your Rights
At Noble Public Adjusting Group, we’ve always said the system isn’t built for policyholders—it’s built to protect insurers. But that doesn’t mean you’re powerless. Here’s what we recommend:
1. Know Who You’re Dealing With
Research your insurance company. Are they affiliated with other entities? Have they been involved in recent insolvencies? What’s their financial rating?
If you’re unsure, we can help you find out.
2. Get a Professional Policy Review
Many Florida homeowners don’t realize how weak their coverage is until it’s too late. Let us review your policy for free and point out any gaps, traps, or red flags.
3. Document Everything
When a storm hits or damage occurs, time is critical. Take photos. Keep receipts. Create a digital folder. The more you document, the stronger your claim.
4. Don’t Go At It Alone
Insurance companies have adjusters working for them. You deserve someone working for you. That’s us. Noble Public Adjusting Group doesn’t get paid unless you do—and we fight to get every dollar you’re owed.
5. Spread the Word
Share this blog with neighbors, friends, and family. Most homeowners don’t know how badly they’ve been played. The more people understand the game, the less power insurers have to keep playing it.
We’re Not Just Adjusters. We’re Advocates.
At Noble, we’re not here to sugarcoat anything. We’re here to fight.
If your claim’s been mishandled, delayed, or denied—if your rates are skyrocketing and you’re getting less and less coverage—know this: you’re not alone.
You’re part of a system built on Florida insurance company corruption, and it’s time someone stood up and told the truth.
That’s what we’re doing. And we’re just getting started.
You’ve paid enough. Don’t let your insurance company shortchange you when it matters most.
At Noble Public Adjusting Group, we review policies and fight denied or underpaid claims—because you deserve every dollar you’re owed.
Call us at (866) 810-6475 or visit www.noblepagroup.com
Free consultation. No pressure. Just results.
