DFS: BOGUS HOMEOWNERS INSURANCE

The Department of Financial Services has received reports of an unlicensed entity selling bogus homeowners insurance. Global Insurance Group, headquartered in Aventura, Fla., has been aggressively advertising that it offers the lowest windstorm insurance rates in Florida. When asked about its licensing status, a company representative reported that it sells coverage through a company named Global Property and Casualty Insurance. Neither entity is either licensed or authorized to sell insurance in Florida.