ARGUS INSURANCE GROUP

Argus Fire and Casualty Insurance Company Ordered into Administrative Supervision; All policies have been cancelled.

The Florida Office of Insurance Regulation ("OFFICE") has determined that Argus Fire & Casualty Insurance Company ("ARGUS FIRE") is unable to secure adequate catastrophe reinsurance for the 2011 hurricane season, which renders the continuance of ARGUS FIRE's business hazardous to the public and its insureds. Therefore the OFFICE has decided that it is in the policyholder's best interest to cancel all of its existing policies and refund premium to its policy holders pursuant to the recently enacted amendment to Section 627.4133, Florida Statutes, contained in Senate Bill 408 signed into law on May 17, 2011. This statute provides that an insurer can cancel its in-force policies with forty-five (45) days written notice if a plan to cancel said policies is approved by the OFFICE, which was approved on May 31, 2011. Furthermore, in an effort to protect the remaining policy holders of ARGUS FIRE and effectuate the cancellation of ARGUS FIRE's in-force policies, the OFFICE has placed ARGUS FIRE into administrative supervision, a copy of the relevant Consent Order can be found at http://www.floir.com/siteDocuments/Argus_CO.pdf.

PLEASE NOTE THE FOLLOWING IMPORTANT UPDATES:

  • As of August 19th, 2011 all premium refund checks have been mailed to policyholders.
  • As of August 25th, 2011, all policies have now been cancelled.
  • Argus continues to process claims. If you have any questions regarding a Claim, please contact us at 305-521-0400 or 866-291-4609 or email us at claims@argusinsgroup.com.
  • If you have any questions regarding Cancellations, Refunds or other Underwriting or Customer Service related questions, please contact us at 305-521-0401 or 866-291-4609 or email us at underwriting@argusinsgroup.com.
  • If you have any questions regarding Agent Relations, your Book of Business, etc. please contact us at 305-521-0400 or 866-291-4609 or email us at agents@argusinsgroup.com.
  • If your agent is Aventura Insurance Agency, we recommend you contact the Florida Market Assistance Plan at 1-800-524-9023 (www.fmap.org) to help you place your insurance coverage with another insurer AND another insurance agent.

This info was last verified on 11/28/2011. If this information is incorrect please contact us and let us know so that we can make any required changes.