A Florida insurer has decided to lessen its exposure in south Florida, cancelling thousands of policyholders in anticipation of the June 1 opening of hurricane season. People’s Trust Insurance Co. reported that it is cancelling about five percent of its …
A national study found that Florida has seen its first decrease in questionable automobile claims since state lawmakers rewrote the no-fault law in 2012. The National Crime Insurance Bureau conducted the report that looked at claims from 2010 to 2013. …
A Georgia superior court judge has given regulators approval to liquidate a former automobile insurer. Cynthia Write, judge of the superior court of Fulton County, signed-off on an order in February that will allow regulators to liquidate Georgia Mutual Insurance, …
Mississippi has enacted its first statewide building code that is designed to set construction guidelines to strengthen homes and other buildings from hurricane and other weather-related damage. Governor Phil Bryant signed the legislation that advocates have been calling for since …
Florida’s state-backed property insurer said it has reached an agreement with more than 300 policyholders with sinkhole claims that officials say could save the insurer $30 million in legal fees. Citizens Property Insurance Corp. officials said the tentative agreement is …
Tennessee regulators are warning automobile policyholders that participating in transportation network companies could lead to gaps in their coverage and leave them exposed to monetary damages from an accident. Transportation network companies have become increasingly popular across the country, especially …
One year after enacting reforms designed to reduce the amount of homeowners business in the state’s insurer, state lawmakers are now looking to further shrink Citizens Property Insurance Corp. by targeting its commercial lines business. Citizens Property Insurance currently one …
One of Florida’s largest homeowner insurers has announced it will once again begin writing new business in the state, just several years after canceling a substantial portion of its book of business. State Farm Florida announced it has plans to …
Some Florida drivers could see their premiums reduced after one automobile insurer announced it would cut rates by an average of 10 percent. Mercury Insurance Co. officials said the new rates would take effect immediately on all new policies and …
Florida drivers are starting to see the benefits of a 2012 re-write of the state’s no-fault automobile insurance law as insurers have reduced their personal injury protection (PIP) rates by a statewide average 13.2 percent. Since PIP rates only account …
