What Verdica's 778 score means for Insurance Producer 72
Insurance Producer 72 in Florida has earned a composite score of 778 out of 850, placing it in the "strong" band (740–799). This score reflects a provider with solid operational and financial standing according to regulator-tracked metrics. A score in this range suggests the entity meets baseline compliance expectations and demonstrates reasonable financial stability, but falls short of the "excellent" threshold (800–850), which represents top-tier performance across all measured dimensions.
For a business owner or consumer evaluating this provider, a 778 score indicates a reasonably safe choice from a compliance perspective. The provider is not flagged as high-risk or under elevated scrutiny. However, the score is not perfect—there is room for improvement, particularly in the financial strength dimension (detailed below). Anyone considering a business relationship with Insurance Producer 72 should treat this as a baseline positive signal, but should also review the specific sub-scores and, if possible, request references or verify licensing status directly with the Florida Department of Financial Services.
How the sub-scores break down
Financial Strength (700/850): This sub-score is the lowest of the three and indicates acceptable but not robust financial health. In the insurance industry, financial strength ratings measure a provider's ability to meet claims obligations and sustain operations. A score of 700 suggests the entity maintains adequate capital and solvency ratios according to regulatory filings, but does not rank among the strongest performers. This could reflect moderate premium volume, standard reserve levels, or a smaller operational footprint compared to top-tier competitors. It is not a red flag, but it is worth noting for organizations seeking a provider with maximum financial cushion.
Complaints (800/850): This sub-score reflects a low complaint ratio relative to the entity's business volume. Insurance regulators track complaints filed by customers with state insurance commissioners and industry databases. A score of 800 indicates that Insurance Producer 72 has maintained a complaint rate at or below acceptable industry benchmarks. This suggests customers have relatively few unresolved disputes or service failures on record. While not perfect (a score of 850 would indicate minimal to zero complaints), 800 is a strong indicator of operational reliability.
Regulatory Actions (850/850): This is the entity's strongest dimension. A perfect score of 850 indicates no significant disciplinary actions, license suspensions, or enforcement orders on file with Florida regulators. This means the provider has complied with licensing, disclosure, and conduct requirements without major infractions. This is a positive signal for compliance-conscious organizations.
What regulators in FL track for insurance providers
Florida's insurance regulator (the Department of Financial Services) and the National Association of Insurance Commissioners (NAIC) maintain complaint databases and financial strength evaluations for all licensed insurance producers. Complaint ratios measure the frequency of consumer grievances relative to the size of the provider's book of business. Higher complaint ratios can indicate issues with claims handling, misrepresentation, failure to disclose terms, or poor customer service.
Regulatory actions tracked include license denials, suspensions, revocations, consent orders, and fines. These actions result from violations of Florida's insurance code—such as unauthorized practice, fraud, inadequate record-keeping, or failure to maintain required continuing education. Financial strength ratings are based on statutory financial statements filed annually, which measure capital adequacy, reserve sufficiency, and solvency.
Verdica's scoring methodology weights these three dimensions to produce a composite score that reflects overall compliance health. Providers with perfect financial strength, zero complaints, and no regulatory actions score 850. Providers with material deficiencies in any dimension score lower.
Bottom line
Insurance Producer 72 is a strong candidate for business relationships based on its 778 composite score and perfect regulatory action record. Before committing, verify current licensing status with the Florida Department of Financial Services and, if feasible, request client references to validate service quality firsthand.