Argus Fire & Casualty Closes its Doors
Some 9,000 Florida homeowners will have to seek coverage elsewhere after Argus Fire & Casualty Insurance agreed to cancel its policyholders after being taken over by the state. Argus Fire, a wholly-owned subsidiary of the Miami-based United Automobile Insurance Company, announced to policyholders that it would cancel all policies within 45 days and process and issue refund checks within the...
Read MoreNOAA Says Atlantic Hurricane Activity To Be Close To 2010
The National Oceanic and Atmospheric Administration’s storm prediction exceeds other forecasters for the Atlantic hurricane season, just weeks away. NOAA says it expects 12-18 named storms. Of those, 6-10 are expected to become hurricanes with winds in excess of 74 mph, and 3-6 are predicted to become major hurricanes, category 3, 4 or 5 with sustained winds of at least 111 mph. During a news...
Read MoreExtra Insurance Can Protect Those Diamonds and Pearls
Ask almost anyone about insurance on jewelry and you hear, “Oh, it’s covered by my home insurance policy.” Not exactly. True, nearly every home insurance policy in America comes with a provision that pays for stolen jewelry. But that provision is very small. Many policies pay up to $2,500 for a stolen item, regardless of how expensive it may be. Some pay as little as $1,000, and a few provide...
Read MoreHome Insurance and Bedbugs
Bedbugs can be very expensive house guests. The costs of temporarily moving out while your home is debugged, steam cleaning fabrics and extermination can run up very quickly. According to a recent article in New York magazine, one family spent at least $70,000 trying to rid their Upper East Side home of bedbugs. Of course, people who don’t live on the Upper East Side, or New York for that...
Read MoreFlorida Property Insurance Bill SB 408 Becomes Law
When Florida Gov. Rick Scott signed SB 408 today, he said, “A healthy, stable and competitive private insurance market is critical to the success of Florida, given the hazards we face. I commend the Florida Legislature, especially Sen. Richter and Rep. Wood, for bringing this important legislation forward.” The bill, which addresses cost drivers in an attempt to reform Florida’s unsteady...
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