By Chad T. Wilson Law Firm Staff, based on reporting by the Florida Office of Insurance Regulation, October 19, 2026. Read the original announcement here.
If your mobile or manufactured home was covered by American Mobile Insurance Exchange, you probably saw the headline and felt your stomach drop. Here is the plain version. On October 19, 2026, Florida regulators announced that American Mobile Insurance Exchange must give up its license to do business in the state. That is a significant step, but it is not the same thing as the company vanishing or your claims disappearing. This post walks through what actually happened, what it does and does not mean, and the records you should gather now.
Insurance Commissioner Mike Yaworsky said American Mobile Insurance Exchange has to surrender its Certificate of Authority, which is the state license a company needs to sell and service insurance in Florida. The regulator found the company was in unsound financial condition. Its policyholder surplus, the cushion an insurer keeps to pay claims, had fallen to $15.09 million from $20.98 million the year before. Florida requires at least $15 million in surplus for companies licensed to write residential property, so the company was sitting right at the line.
The company had received its license in 2020 and wrote only mobile home business, and only in Florida. Regulators also pointed to an earlier threat by the company to move its operation to another state, a move other state regulators declined to approve.
These words get used loosely, and the difference matters for you. Administrative supervision is when the state steps in and watches a struggling company closely, approving its decisions and protecting customers while it stabilizes or winds down. OIR placed American Mobile under supervision in March 2024. Surrendering authority is the company handing back its license to operate. Liquidation is a court-supervised process that happens when an insurer cannot pay what it owes, and it can trigger the state guaranty association to step in on covered claims.
The October 19 action is a surrender of authority at the end of a supervised process. The announcement does not describe a new liquidation, a receivership, or a finding that claims will go unpaid. OIR said it worked toward an orderly wind-down, required refunds of unearned premium to canceled policyholders, and stated that “any additional liabilities that might arise from this company’s departure will be handled promptly” and under Florida law. Treat anyone who tells you the company has been liquidated with caution, because that status has not been announced.
This is a manufactured and mobile home story. If you held an American Mobile policy, your coverage may already have been transferred to a different carrier or canceled during the 2024 wind-down. In March 2024, the company filed a plan to transfer roughly 8,000 policies to another insurer and cancel more than 1,100 policies effective May 31, just ahead of hurricane season. That timing is exactly why your paperwork matters. You need to know, in writing, who insures you today and what happened to any claim you had open.
Do not assume anything about your current coverage or about who is responsible for an old claim until you have read the actual documents. Pull these together:
If you are not sure who covers you right now, confirm it before you file anything. A quick call to verify your active carrier can save weeks of confusion later.
A carrier changing course does not erase a valid claim. If you had an American Mobile claim that was denied, dragged out, or paid for less than the damage, keep going. Write down what the company told you and when. Ask for any denial or underpayment in writing, with the policy language behind it. Watch your deadlines, because the clock on a claim does not stop just because a company is leaving the market. And remember the money at stake is yours. You paid premiums so that coverage would be there when you needed it.
When a carrier winds down, policyholders are the ones left reading fine print and wondering who to call. We help you keep your footing when an insurer changes course. Our team has resolved more than 6,000 property insurance claims, and we represent policyholders, never insurance companies. We can review your transfer and cancellation paperwork, figure out who is actually on the hook for an open claim, and press a denied claim that deserves to be paid. Insurance companies have an army of lawyers, adjusters, and agents. You should not have to face that alone. If you want a second set of eyes, our insurance claim lawyers work on contingency, which means no recovery, no fee. Call (833) 942-0678. Denied, delayed, or underpaid? That is where we start.
This article is for general information only and is not legal advice. Regulatory descriptions reflect the Florida Office of Insurance Regulation’s public announcement and are not a statement about any individual policy or claim. No outcome is guaranteed.
Sources: Florida OIR announcement (Oct. 19, 2026); Florida OIR orders and memoranda
