The class action complaint, filed Jan. 25 by Annette Farenga, her husband Michael Farenga and Ellis Jackson, former Arvida realtors, alleges that Arvida offered discount health insurance coverage to its Florida realtors through Employers Mutual LLC, a Nevada insurer.
In August 2001, Florida's Department of Insurance found that Employers Mutual was not licensed or authorized to sell health insurance in the Florida, the suit alleges. Despite the public findings, Arvida continued to advise its realtors to send their insurance premiums to Employers Mutual, according to the suit.
Arvida Realty Services is a business unit of the Jacksonville, FL-based St. Joe Co.
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