Florida dwelling insurance policy premiums established to rise amid hurricanes, lawsuits | Florida Pattern Actual Estate – Florida Craze

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Florida home coverage rates established to rise amid hurricanes, lawsuits Owners in Florida should be well prepared to face larger property insurance plan fees following yr, raises fueled by active legal professionals and report-location hurricane seasons. Some insurance policies corporations have asked the Florida Workplace of Insurance coverage Regulation for […]

Florida’s Altmaier to Assume NAIC Presidency for 2021

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The National Affiliation of Insurance policies Commissioners (NAIC) will have officers for 2021. The newly-elected officers will presume their duties on Jan. 1, 2021. Users of the association of regulators elected these leaders for the new year: President: Florida Coverage Commissioner David Altmaier David Altmaier Altmaier was appointed commissioner of […]

Florida whistleblower alleges ‘fixed’ contracts, huge payouts at point out-run insurance provider

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TALLAHASSEE — A longtime personnel for Florida’s point out-run insurance policy provider has accused board associates of steering contracts to particular distributors and deciding upon whom the insurer employed. In a whistleblower complaint submitted past year, the staff claimed that contracts were “fixed” by Citizens House Insurance plan board users, […]

Florida Sector Stabilization Important to Lessening Citizens’ Exposure: Review

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Florida’s fluctuating and volatile personal marketplace may be instigating prolonged-phrase plan development for Citizens Assets Insurance coverage Corp. and producing major hurdles to its placement as the state’s residual insurance company, according to a new review. The 236-website page “Exposure Reduction and Depopulation Alternatives Analysis,” report from a staff at […]

State-subsidized insurer adds 100,000 guidelines as Florida property insurance coverage costs surge | Florida

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(The Center Square) – As home insurance plan premiums skyrocket, Citizens Residence Insurance plan Corp. will develop into an more and more far more inexpensive solution for Florida’s 6.2 million owners. That could be disastrous, even so, Citizens’ Actuarial & Underwriting Committee warned in its 2021 rate bundle proposal. “Citizens’ […]

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