Make us your home page

Florida regulators seek to revoke or suspend license of Liberty National Life Insurance

State regulators are poised to suspend or revoke the license of Liberty National Life Insurance Co. in the wake of a five-month investigation into alleged discrimination against some consumers seeking policies.

Investigators with the Florida Office of Insurance Regulation said they found more than 1,149 violations in reviewing more than 7,000 life insurance applications at Liberty's Birmingham, Ala., headquarters between June and November. The majority of alleged violations, 1,053, were for discriminatory practices.

An order issued by Florida Insurance Commissioner Kevin McCarty gives the insurer 21 days to show cause why its license should remain in good standing.

Mike Majors, Liberty's vice president of investor relations, declined comment late Thursday, saying the company has received neither results of the on-site investigation nor McCarty's order.

Liberty has about 182,000 policies in Florida.

According to the state, the allegations against Liberty center on Florida's Unfair Practices Law, which forbids life insurers from refusing to issue policies based on national origin and forbids discrimination in underwriting practices based on national origin, potential lawful travel and citizenship.

A significant number of consumers hurt by Liberty's practices were of Haitian origin or descent, regulators said.

"Discrimination of any kind by an insurance company will not be tolerated by this office," Florida Deputy Insurance Commissioner Mary Beth Senkewicz said in a statement. "We will do everything within our power to ensure that Florida consumers are protected from such unconscionable practices."

Florida regulators seek to revoke or suspend license of Liberty National Life Insurance 06/04/09 [Last modified: Thursday, June 4, 2009 6:42pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Tampa Club president seeks assessment fee from members


    TAMPA — The president of the Tampa Club said he asked members last month to pay an additional assessment fee to provide "additional revenue." However, Ron Licata said Friday that the downtown business group is not in a dire financial situation.

    Ron Licata, president of the Tampa Club in downtown Tampa. [Tampa Club]
  2. Under Republican health care bill, Florida must make up $7.5 billion


    If a Senate bill called the Better Care Reconciliation Act of 2017 becomes law, Florida's government would need to make up about $7.5 billion to maintain its current health care system. The bill, which is one of the Republican Party's long-promised answers to the Affordable Care Act imposes a cap on funding per enrollee …

    Florida would need to cover $7.5 billion to keep its health care program under the Republican-proposed Better Care Reconciliation Act of 2017.  [Times file photo]
  3. Amid U.S. real estate buying binge by foreign investors, Florida remains first choice

    Real Estate

    Foreign investment in U.S. residential real estate recently skyrocketed to a new high with nearly half of all foreign sales happening in Florida, California and Texas.

    A National Association of Realtors annual survey found record volume and activity by foreign buyers of U.S. real estate. Florida had the highest foreign investment activity, followed by California and Texas. [National Association of Realtors]
  4. Trigaux: Tampa Bay health care leaders wary of getting too far ahead in disruptive times


    Are attempts to repeal Obamacare dead for the foreseeable future? Might the Affordable Care Act (ACA), now in dire limbo, be revived? Will Medicaid coverage for the most in need be gutted? Can Republicans now in charge of the White House, Senate and House ever agree to deliver a substitute health care plan that people …

    Natalia Ricabal of Lutz, 12 years old, joined other pediatric cancer patients in Washington in July to urge Congress to protect Medicaid coverage that helped patients like Ricabal fight cancer. She was diagnosed with Ewing's sarcoma in 2013 and has undergone extensive treatments at BayCare's St. Joseph's Children's Hospital in Tampa. [Courtesy of BayCare]
  5. The Iron Yard coding academy to close in St. Petersburg


    ST. PETERSBURG — The Iron Yard, a code-writing academy with a location in downtown St. Petersburg, will close for good this summer.

    Instructors (from left) Mark Dewey, Jason Perry, and Gavin Stark greet the audience at The Iron Yard, 260 1st Ave. S, in St. Petersburg during "Demo Day" Friday, Oct. 7, 2016, at The Iron Yard, which is an immersive code school that is part of a trend of trying to address the shortage of programmers.  The academy is closing this summer.  [LARA CERRI   |   Times]