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By Joan E. Collier, PropertyCasualty360.com |
September 29, 2011
A 45-day regulatory drama that began with Citizens Property Insurance Corp.’s triple-digit sinkhole rate increase proposal ended with Florida Insurance Commissioner Kevin McCarty’s eleventh-hour denial.
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By Bill Kaczor, Associated Press |
July 28, 2011
Florida's largest property insurance company on Wednesday proposed an average increase of nearly 430 percent for optional sinkhole coverage in response to soaring claims and 8.8 percent for all other perils, including hurricanes, fire, and theft, all effective in 2012.
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By Phil Gusman, PropertyCasualty360.com |
May 6, 2011
Insurer groups hailed the Florida Legislature’s passage of a wide-ranging property bill and have called on the governor to sign the legislation into law.
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By Chad Hemenway, PropertyCasualty360.com |
February 9, 2011
The Florida Senate Banking and Insurance Committee earlier this week delayed action on a massive property insurance bill aimed at reforming everything from sinkhole claims to the amount of surplus a property insurer should carry.
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By Chad Hemenway, PropertyCasualty360.com |
February 8, 2011
Mercury General Corp. is leaving the Florida homeowners market by the end of 2012—a decision driven by significant underwriting losses from sinkhole claims.
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By Chad Hemenway, PropertyCasualty360.com |
November 9, 2010
A new report from the Florida Office of Insurance Regulation appears to confirm what insurers in the state have been saying about the problem that sinkhole claims have become.
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By Staff Writer |
November 1, 2010
As the 2010 Hurricane Season wanes, another non-weather-related cost driver has been eroding what should have been a positive bottom line for Florida's property insurance industry.
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By Staff Writer |
August 25, 2010
The Florida Office of Insurance Regulation (OIR) has asked the state's commercial and residential property insurers to collect and submit sinkhole claims--a cost driver insurers have said is swallowing underwriting profits.
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By Chad Hemenway, PropertyCasualty360.com |
August 23, 2010
Florida Insurance Commissioner Kevin McCarty would like to begin surveying the state's insurance companies to get a grasp of one of the largest non-catastrophe cost drivers in Florida: sinkhole claims.
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By Joan E. Collier, PropertyCasualty360.com, Joan E. Collier, PropertyCasualty360.com |
August 10, 2010
Medical fraud is on the move in Florida. And the NICB is chasing it.
