Penn Treaty American Temporarily Suspends Sales in Florida
A subsidiary of insurance firm Penn Treaty American Corp. has temporarily suspended new sales of Florida policies pending the filing and review of its 2005 statutory audit report, the company announced this week.
Penn Treaty Network America Insurance Company expects to file its report within ten business days. The report must then be reviewed by the Florida Department of Insurance Regulation.
Florida sales have accounted for approximately 6 percent of new applications this year, the company said. Allentown, Penn.-based Penn Treaty expects the cessation to be temporary and to have minimal effect on the company’s operations.
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- Florida Taps Contractors With No Detention Experience for ‘Alligator Alcatraz’
- Two More Insurers Enter Florida Market as Hurricane Season Warms Up
- Marsh Suit Against Alliant Alleges Poaching of Commercial Surety Team, Accounts
- Erie Insurance Restores All Operations After Month Outage; Says No Data Breached