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Six private insurance companies have been authorized to take 100,000 homeowners policies from state-run Citizens Property Insurance Corp., the Florida Office of Insurance Regulation announced Wednesday. ...more
May 21, 2008
To some investors, pumping money into a new Florida insurance company must be as attractive as investing in Florida real estate right now. The potential upside is great, but you also might fall off a cliff. ...more
May 7, 2008
Faster payments of undisputed claims and an extension of the freeze on rates paid by customers of state-run Citizens Property Insurance Corp. are among the mandates contained in a property insurance deal between House and Senate Republicans. ...more
May 2, 2008
In a move bound to further roil Florida's turbulent insurance market, State Farm has decided to stop writing new homeowners insurance policies. ...more
February 25, 2008
As the big national insurance companies such as State Farm, Allstate and Nationwide continue to pull up stakes in Florida, smaller unheard-of companies have stepped up to fill some of the void. ...more
February 21, 2008
Longtime State Farm customer John Spencer is not wanted any more. ...more
February 18, 2008
What does this have to do with homeowners insurance? Allstate's penalty stems from what state regulators say is the company's failure to comply with subpoenas related to an investigation into rate-setting strategies for homeowners insurance. Allstate is not writing homeowners' policies in Florida under its own nameplate, but its auto insurance business is lucrative. Insurance Commissioner Kevin McCarty said the state is "going to hit them where it hurts." ...more
January 17, 2008
Thousands of homeowners in "sinkhole alley" are going without coverage. ...more
January 12, 2008
When top Florida leaders meet this morning to try to fix a troubled state investment pool, Hillsborough County officials will be watching closely. ...more
December 4, 2007
Florida hasn't had a major storm in two years. Insurance companies have recovered from the losses of the devastating hurricanes of 2004 and 2005, posting profits of about $3.4 billion in the state this year. Premiums have fallen about 12 percent - though less than projected. ...more
December 2, 2007
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