property insurance News

57 South Carolina Homeowners Receive Mitigation Grants

South Carolina insurance officials this week awarded 57 grants to coastal homeowners for use in installing new roofing systems and taking other steps to fortify their homes against hurricanes. State Insurance Director David Black said the grants, totaling more than …

Florida Senate Committee Postpones Vote on Property Legislation

For the second straight week, the Florida Banking and Insurance Committee failed to reach a final vote on its comprehensive property insurance bill. The delay comes as committee members remain bogged down over how to address sinkhole claims; specifically, how …

North Carolina Beach Plan to Retrieve Surplus Returned to Insurers

North Carolina Insurance Commissioner Wayne Goodwin has announced a settlement agreement that calls for the North Carolina Insurance Underwriting Association, known as the Beach Plan, to reverse the more than $16 million it made to member companies in 2009. The …

Hudgens Directs Insurers to Exercise ‘Leniency’ After Georgia Storms

Georgia Insurance Commissioner Ralph Hudgens has issued an order directing insurers to exercise leniency in dealing with individuals and businesses that may have trouble paying premiums due the winter storms that swept through the state earlier this month. Georgia experienced …

Florida Charities, Businesses Call for End to Hurricane Premium Taxes

A coalition of Florida charitable and business groups is pressing the state to eliminate assessments charged all policyholders to subsidize the state-backed insurance provider and hurricane claims fund. In a letter to Gov. Rick Scott, the groups called on him …