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 …
State Insurance Commissioner Mike Chaney says property insurance rates in Mississippi have leveled off for the time being. Chaney told a meeting of the Gulf Coast Business Club that more carriers have entered the insurance market but many of them …
For those in the industry, Florida’s recent legislative session was a long march as they tried to navigate through a process that initially promised much in the form of a new governor and strong pro-business majorities in both the House …
A new commercial multi-peril package policy from the Chubb Group of Insurance Cos. will provide apartment building owners and co-op and condominium associations with a package of property, casualty, workers compensation, automobile and umbrella liability insurance coverages. Agents and brokers …
It is axiomatic in Florida that when it comes to the legislature and insurance issues, the power brokers play for the last 72 hours. No matter how many committee meetings, no matter how many press conferences, no matter how many …
Many of the states hammered by what’s already the deadliest year for tornadoes in more than half a century have among the nation’s highest rates of homes without hazard insurance despite being among the most twister-prone, data analyzed by The …
In a new Market Update report insurance broker Lockton cautions that aftershocks from earthquakes in Asia Pacific and new catastrophe models create an uncertain environment for property insurance buyers. In the report Lockton’s Jim Rubel explained that recent events “are …
In the thick of her two-year investigation into Florida’s insurance industry, Sarasota Herald-Tribune reporter Paige St. John would wake up in the middle of the night, shaking and sweating, fearful that she’d taken on too much. “I’ve been in investigative …
Florida lawmakers have approved a plan designed to move more property owners into the private insurance market by restricting what properties the state-backed insurer can cover and allowing it to raise its rates. By a vote that fell along party …
There has been a 24 percent rise in what insurance companies consider suspicious claims since 2008. In 2008, a total of 74,146 so-called questionable claims, or QCs, were referred to the National Insurance Crime Bureau from its member insurance companies …
