Vanguarde Asset Group Identified as Unlicensed Fla. Insurer

Vanguarde Asset Group Inc., a New York company, has been identified as one of the companies recently shut down by the Florida Department of Financial Services as being unauthorized to sell insurance in that state.

In a story that appeared on the Insurance Journal Web site on May 1, 2003, concerning regulatory action taken against 15 Florida insurance agents, the company was included in a list of unlicensed companies and identified simply as “Vanguard.”

Vanguard Fire & Casualty Co., an admitted licensed domestic insurer headquartered in Winter Park, Fla., clarified that the Vanguard referred to in the original story is not the same as Vanguard Fire & Casualty.

In addition to Vanguard Fire & Casualty, several other insurers with “Vanguard” in their names are licensed in Florida. The Department of Financial Services has a “Verify Before You Buy” link on its Web site, www.fldfs.com, that identifies companies with licenses to do business in the state.

Click here for the complete list of companies and agents against whom the Florida department has taken action in regards to the alleged sale of unlicensed insurance.