Florida Insurance Commissioner Kevin McCarty announced he had signed an order increasing rates for the state-created insurer of last resort's high risk accounts to make them financially adequate.
Florida Insurance Commissioner Kevin McCarty announced he had signed an order increasing rates for the state-created insurer of last resort's high risk accounts to make them financially adequate.
Representatives from Citizens Property Insurance faced tough questioning from the Florida Office of Insurance Regulation over proposed rate increases for high-risk wind-only coverage, including a 7.5 percent increase for homeowners.
After weeks of haggling among state lawmakers, the freeze that has kept Citizens Property Insurance Corp. rates locked in place for the last three years will soon end. But that doesn't mean the
A New York insurance agents group said a meeting with state legislators has drawn a positive response to their call for repeal of auto photo inspections.
Established in 1992, the program promotes consumer interaction with the NAIC's members, the insurance industry and interested parties through the individuals' dedication and commitment to serving the
FCCI Insurance Group, a Sarasota, Fla.-based commercial property and casualty insurance writer, said it has acquired the 20 percent of Brierfield Insurance Company of Jackson, Miss., it did not own
At the end of October 2007, Citizens Property Insurance Corp. had more than 1.4 million policies, with the bulk of them in high-risk, wind-only accounts. At the time, Citizens officials estimated the