Optional Sinkhole Coverage guidelines
Hello again. In a follow-up to last weeks post, I thought we would go into more detail with regards to Optional Sinkhole Coverage. Over the past couple of years, Florida Homeowners may have received a notice from their Florida Insurance Company explaining that sinkhole coverage was being removed from their homeowners insurance policy. This has prompted many consumers to contact their agent...
Read MoreFlorida home insurers lining up for rate hikes
By Julie Patel, Sun Sentinel 4:09 a.m. EDT, July 25, 2012 Although Florida has dodged a direct hit from a hurricane for almost seven years, three major home insurers want to raise rates. Allstate’s Castle Key Insurance and Castle Key Indemnity want 32.7 percent and 21.9 percent statewide average increases; Universal Insurance Co. of North America wants a 22 percent average increase and...
Read MoreFlorida home insurers lining up for rate hikes
By Julie Patel, Sun Sentinel4:09 a.m. EDT, July 25, 2012 Although Florida has dodged a direct hit from a hurricane for almost seven years, three major home insurers want to raise rates. Allstate’s Castle Key Insurance and Castle Key Indemnity want 32.7 percent and 21.9 percent statewide average increases; Universal Insurance Co. of North America wants a 22 percent average increase and...
Read MoreHurricane Emilia forms over the Pacific; not expected to threaten any land
MIAMI – Emilia has strengthened to a hurricane in the Pacific south of Mexico, but is not posing a threat to land. The hurricane’s maximum sustained winds early Monday are near 75 mph (120 kph) with additional strengthening expected. Emilia is centred about 760 miles (1,225 kilometres) south of the southern tip of Mexico’s Baja California and is moving west-northwest near 12...
Read MoreNew Florida Citizens CEO Ready for Most Challenging Job of His Career
By Chad Hemenway, PropertyCasualty360.com NU Online News Service, June 29, 2:51 p.m. EDT While insurance executives typically do all they can to grow their companies, Barry Gilway was hired to do a different kind of job as the new president and chief executive officer of Florida Citizens Property Insurance Corp. Gilway will seek to reduce the size of what is meant to be the state’s last-resort...
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