Florida officials said they have taken over the operations of Maitland, Fla.-based home insurer Vanguard Fire & Casualty Company after securing a court order placing the company in receivership.
Leon County Circuit Court Judge Terry P. Lewis signed the order late Friday after the company consented to being placed into receivership for rehabilitation. The Department of Financial Services was named receiver.
Florida Chief Financial Officer Adelaide “Alex” Sink, who oversees Financial Services, said the department's Division of Rehabilitation and Liquidation will oversee the receivership
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