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A 2021 analysis by then-Florida Insurance Commissioner David Altmaier found that Florida made up 8% of the nation’s homeowners’ claims in 2019, but 76% of its lawsuits.
The governor noted that Florida accounted for 79% of the country’s homeowners’ insurance lawsuits from just 9% of the country’s homeowners’ insurance claims.
Michigan, New Jersey, and New York have the highest car insurance rates in the U.S. Read on to learn more, and get tips to lower your rates. Top 5 Most Expensive States for Car Insurance Rates ...
Until 1956, when the New York legislature passed their compulsory insurance law, Massachusetts was the only state in the U.S. that required drivers to get insurance before registration. North Carolina followed suit in 1957 and then in the 1960s and 1970s numerous other states passed similar compulsory insurance laws.
It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., [2] a NYS licensed Insurance Premium Finance Company. [3] Kingstone Insurance Company was ranked #1 of the 81 insurers rated by the Professional Insurance Agents Association in its 2010 Company Performance Survey. [ 3 ]
In 1859, the New York State Legislature created the New York State Insurance Department, and assumed the functions of the Comptroller and Secretary of State relating to insurance. [1] The department began operations in 1860 and William F. Barnes was the first Superintendent of Insurance. [ 1 ]
Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. [1] According to Swiss Re, of the $6.782 trillion of global direct premiums written worldwide in 2022, $2.959 trillion (43.6%) were written in the United States.
(The Center Square) – As North Carolina rebuilds from the massive damage inflicted by Hurricane Helene, state regulators have not received widespread complaints about insurance companies ...