Florida Says Latest $25 million from BP Not Enough
The state of Florida, the Insurance Journal reports, is unhappy with BP. Again. The troubled oil company brought $25 million more to Florida on Tuesday, but the reaction was not gratitude, but...
View ArticleRate Watch: State Farm Requests 27.7% Rate Hike in Florida
The Florida Office of Insurance Regulation will be holding a public hearing on February 15th. Why? To discuss the latest rate filing from State Farm, which company is requesting an average increase of...
View ArticleMercury General Leaving Florida
Mercury General has announced that it is beginning the process of leaving the Florida homeowners insurance market, citing it’s $19 million in losses in the fourth quarter of 2010 as the driving factor....
View ArticleCitizens Cuts Homeowners Insurance in Florida
Citizens Property Insurance customers in Florida will have less coverage available in 2012. The company, which is run by the state, released a memo to its agents stating that it will be eliminating...
View ArticleRateWatch: State Farm Asks for Higher Rates in Florida
State Farm Insurance, the third-largest property insurer in the state of Florida, has asked for an average statewide increase of 14.9% on insured homes there, as part of a plan to maintain a good...
View ArticleFlorida Investigates Use of Credit History to Deny Claims
Florida consumer advocate Robin Westcott has called for an investigation into the practice of insurers using homeowner’s previous credit history to retroactively cancel policies and deny claims, even...
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