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Florida Insurance Commissioner Kevin McCarty says the states insurer of last resort did not provide evidence to support its recommendation to raise rates for sinkhole insurance by a statewide average of 447 percent.

Florida Insurance Commissioner Kevin McCarty says the states insurer of last resort did not provide evidence to support its recommendation to raise rates for sinkhole insurance by a statewide average of 447 percent.

As mutual insurers increase their dependence on technology to sell and service insurance, companies must demonstrate their value to independent agents while not cutting them out of the client relationship, says the incoming chairman of the National Association of Mutual Insurance Companies.

Though nearly two-dozen insurers in Connecticut have agreed to waive hurricane deductibles following Hurricane Irene, State Farm is not among them.

Though nearly two-dozen insurers in Connecticut have agreed to waive hurricane deductibles following Hurricane Irene, State Farm is not among them.

In his deficit-reduction proposal, President Obama voices support for provisions in House legislation that would eliminate subsidies, over five years, on 30 percent of properties insured by the National Flood Insurance Program.