Insurers constantly hear policyholders bemoaning that their brakes failed, the accelerator stuck, a tire detached, and similar allegations of malfunction, but what really happened?
In the wake of Dodd-Frank and NRRA, states are considering two different agreements, NIMA and SLIMPACT. Florida, with nearly $15 to $20 million in annual tax revenues at stake, has elected to go with NIMA. Floridas insurance commissioner tells us why.