Florida Home Insurance and the Flood Insurance Exclusion
Most Florida Homeowners are unaware that their policies do not cover damages caused by flood. Damage to property caused by flooding are covered through flood policies offered through the National Flood Insurance Program. Focus Insurance Group offers such policies, with rates starting at $129 per year. Preferred Risk Policies are available to those whose homes are located in moderate-to-low...
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...
Read MoreState Farm Seeks 14.9% Jump in Florida Property Insurance Rates
By Michael Adams | June 29, 2012 Florida’s third largest property insurer is seeking a statewide average 14.9 percent increase in property rates as part of a plan to shore-up its fiscal condition while revamping the deductibles and discounts it offers to policyholders. State Farm Insurance Co. said the rate request includes an average 14.2 percent increase for homeowners, 48.8 percent for...
Read MoreState’s not insured for a big storm
By Slade O’Brien, FLORIDA VOICE May 30, 2012 12:05 AM The National Hurricane Center is prepared for the 2012 Atlantic hurricane season that starts June 1, with their list of 21 names — beginning with Alberto and Beryl (already used) and ending with William — for impending tropical cyclones. And just recently, Gov. Rick Scott held a hurricane conference for officials involved in...
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