Florida orders halt to unlicensed Wave insurance
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Event Brief

Florida orders halt to unlicensed Wave insurance

Filed: Sep 28, 2026 at 12:20 PM ET
Summary: Florida Insurance Commissioner Mike Yaworsky issued an emergency cease-and-desist order stopping Hydrogen Deep, LLC, doing business as The Wave Insurance. State regulators say the firm sold coverage without a required license and collected more than $100,000 in premiums from boat and watersports businesses, refusing to pay legitimate claims.
WHO: Florida Insurance Commissioner Mike Yaworsky; Hydrogen Deep, LLC (The Wave Insurance); Florida Office of Insurance Regulation (OIR); Florida Department of Financial Services (DFS); Christopher Jason Brossett; Brady Allen Howard
WHAT: Emergency cease-and-desist order halting an unlicensed insurance operation accused of taking premiums from local marine and watersports businesses without proper authority.
WHEN: Sep 28, 2026 at 11:27 AM ET
WHERE: Florida Panhandle
WHY: State regulators said the company sold insurance coverage without the required Florida license.

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