A Florida judge has ordered a homeowners’ insurer to shut its doors and hand its business affairs over to the state after state regulators found it no longer has enough money to pay its bills. Florida’s Division of Rehabilitation and …
Florida officials are looking for ways to reduce the state government’s workers’ compensation costs and considering changing some mandates that grant first responders automatic benefits and reducing prescription drug costs. Florida Division of Risk Management Director R.J Castellanos told the …
Some North Carolina residents who insure their residences through Allstate are finding themselves dropped by the company for refusing to bundle their home and auto coverage. Allstate Insurance Co. has informed 45,000 homeowners that it will non-renew their homeowner’s policy …
Universal Insurance Holdings Inc. recently announced that its wholly-owned subsidiary, American Platinum Property and Casualty Insurance Corp. has just issued its first Florida homeowners’ policies. American Platinum is offering homeowners multi-peril policies and inland marine insurance on homes valued in …
A Florida workers’ compensation insurer has reached a deal with a California company to underwrite its workers’ compensation policies through its Florida agency-owned captive program. Zurich Financial Services Group recently announced that through its wholly-owned subsidiary, Zurich American Insurance Co., …
Florida’s automobile no-fault law is in severe need of reform, but the cost of doing so may be more than the benefit, according to the state’s insurance consumer advocate. Speaking before Florida’s Cabinet recently, Insurance Consumer Advocate Robin Westcott told …
Florida residents living in high-value condominium buildings insured by the state’s government-run homeowners’ insurer could see their rates increase by 19 percent on average. Citizens Property Insurance Corp., the state’s largest homeowners market with 1.5 million homeowners, is permitted by …
The expiration date for surplus lines licenses in Tennessee will soon have to coincide with the expiration of an agent’s primary insurance producer license. All surplus lines license expiration dates will be moved ahead to match the expiration of producer …
Florida-based HomeWise Insurance Co. is now is full run-off mode as it attempts to pay all outstanding claims and other debts in order to avoid being taken over by Florida regulators. The Clearwater, Fla.-based home insurer has jettisoned the remainder …
Florida policyholders of HomeWise Insurance should not see dramatic changes in their renewal premium if their policies are taken over by Homeowners Choice, according to the company official. The policyholders have the option of staying with the shrinking HomeWise or …
