Florida Gov. Rick Scott quickly embraced a suggestion this week by the board chairman of the state-backed Citizens Property Insurance Corp. to consider privatizing Florida’s largest insurer of business and homes. Citizens has roughly 1.4 million policies in force and …
Florida hasn’t been hit by a hurricane since the disastrous years of 2004 and 2005, but the state’s property insurance companies say they are still losing money despite collecting billions in premiums. That has industry leaders, Gov. Rick Scott and …
A pair of bills aimed at cracking down on the runaway fraud that has vexed automobile insurers in recent years moved through a key Senate panel this week. The Senate Banking and Insurance Committee narrowly approved the measures following some …
Citing sinkhole losses and higher operating expenses, State Farm Florida asked state regulators this week for a 28 percent premium increase on its homeowners policies. Sinkhole claims, which are approaching $2 billion over the past five years in Florida, have …
BP brought another $25 million to Florida on Tuesday, but instead of a thank you they got a lot more criticism. Between barrages, Gov. Charlie Crist and three independently elected Cabinet members asked for more money and said they want …
Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost anyone to follow. “We keep going round and round and …
Florida’s Division of Emergency Management, under a second director since Craig Fugate left a year ago to run its federal counterpart, is getting a jump start on the hurricane season. With the storm season to begin Tuesday, the agency has …
Florida’s property insurance companies haven’t suffered hurricane losses for nearly five years, but many claim to be losing money even while collecting hefty premiums. It’s a complex paradigm for almost anyone to follow. “We keep going round and round and …
Tallahassee politicians must ensure a robust private property insurance market to avoid a financial disaster if a major hurricane or several smaller storms strike the state this summer, former Gov. Jeb Bush said this week. The two-term governor said it’s …
Randi Schuknecht worried that her longtime, established insurance company was about to leave Florida — and leave her without a homeowner’s policy. So she found a new insurer — one she wouldn’t have to worry about if a big storm …
