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Auto insurance company laying off 61 in Tampa

Windhaven Insurance told state and local officials that the cuts would take place Friday after it failed to raise working capital.
Windhaven Insurance is closing its office in the Anchor Plaza office park and laying off 61 Tampa employees. (Google street view) [Google street view]

TAMPA — South Florida auto insurance company Windhaven Insurance is closing its Tampa office and laying off 61 employees as of Friday.

The closure comes after Windhaven tried and failed to raise capital that would have allowed it to stay in business.

“Unfortunately those efforts have proven unsuccessful, necessitating the company’s winding up and facility shutdown,” chief restructuring officer Gregory J. Hoeg said in a letter this week to Tampa Mayor Jane Castor and the Florida Department of Economic Opportunity.

Windhaven’s Tampa workforce, which has worked out of offices in the Anchor Plaza office park near Tampa International Airport, includes customer service representatives, call center supervisors, appraisers, sales and support staff.

Related: Why is car insurance so high in Florida? Let us count the reasons

Windhaven, headquartered in the Miami suburb of Doral, has been authorized to sell car insurance in Florida since 2006.

Last year, state officials ordered the company to raise at least $30 million in capital after its surplus on hand fell below minimum levels required by state law. At the same time, officials told the company to stop writing new policies while it was under the state’s supervision.

In late December, Leon County Circuit Judge Ronald Flury ruled that Windhaven was insolvent after the Florida Department of Financial Services told him that “further efforts to rehabilitate (the business) would be useless.” Flury appointed the department as the company’s receiver for the purpose of liquidating its assets.

Windhaven also is laying off another 125 employees and closing its office in Miami.

Contacted Thursday, Hoeg said, “no comment,” and hung up.