Tuesday, May 14, 2024
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florida property insurance

UPC leaves 16,000+ open hurricane claims to state nonprofit FIGA

NORTH PORT, Fla. — Florida’s belongings insurance coverage disaster has left 1000's of house owners with open harm claims, suffering to in finding new...

$1.5M in taxpayer money approved to research insurance rating agencies

TAMPA, Fla. — The newest controversy with Florida’s property insurance market comes after legislators approved $1.5 million of taxpayer money for the Department of Financial Services...

Florida homeowners will see new surcharge on insurance bills

TAMPA, Fla. — Homeowners will proceed to see a rise within the value to stay in paradise with one other surcharge tacked onto their insurance premiums...

Citizens hits 1M policies, but is there enough funding if a storm hits?

TAMPA, Fla. — Florida’s insurer of final resort, Citizens Property Insurance Corps, hit a million house owner insurance policies this week, greater than doubling their share...

Weston Property Insurance becomes 5th Fla. company to enter receivership in 2022

TAMPA BAY, Fla. — In the primary week of August, 4 Florida property insurance coverage firms had their rankings withdrawn on the ranking company Demotech’s database...

Office of Insurance Regulation refers Weston Property Insurance to receivership

TAMPA BAY, Fla. — The Florida Office of Insurance Regulation is referring Weston Property & Casualty Insurance to receivership, which suggests the corporate doesn't have sufficient...

Demotech withdraws 2 more Florida insurance company ratings

TAMPA BAY, Fla. — Two more Florida property insurance corporations misplaced their monetary stability ratings from Demotech Wednesday.The state's ranking company, Demotech, withdrew ratings from Bankers...

3 Florida property insurance ratings downgraded or withdrawn

TAMPA, Fla. — As of August 1, Florida’s ranking company, Demotech, downgraded the monetary stability ranking of 1 property insurance firm and withdrawn ratings for 2...

More evidence of Florida property insurance companies not insuring older homes

TAMPA BAY, Fla. — We are studying extra about what Florida property insurance companies are doing to get round new state laws relating to roofs with...

Demotech postpones Florida insurance companies’ rating downgrades

TAMPA BAY, Fla. — Florida rating company Demotech responded to the Florida Office of Insurance Regulation saying it won't be posting the anticipated monetary stability rating...

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