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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.
TALLAHASSEE — Hurricane Milton “poses a significant threat to the Florida property insurance market,” particularly for insurers that focus their business on the state, the financial-rating ...
"We've been providing property insurance in Florida since 1998 and remain firmly committed to the state, particularly given that we're Floridians ourselves — both of our insurance companies are ...
In the seven years since the last major Florida hurricane, profits have risen, but many small companies shifted that money into affiliated businesses and ignored the need for a reserve. Insurance rates were based on the company making a reasonable profit after expenses, which included funding a reserve. The OIR suggests that insurance companies ...
“If you look at your driver's license and there's a picture of the state of Florida, you probably need flood insurance,” Handerhan said. ... “The insurance companies do close about 72 hours ...
Lighthouse Property Insurance Corporation was an American property and casualty insurance company. It was founded in 2008 by Patrick White and operated in Southeastern coastal states such as Louisiana, North Carolina, South Carolina and Texas. The company merged with Prepared Insurance Company in 2017 to expand into Florida. [1]
Hurricane Milton is intesifying and is headed towards Florida. Familiarizing yourself with a few key things in your home and flood insurance policies.
August 13 – Hurricane Charley struck southwestern Florida as a Category 4 hurricane, the strongest landfall in the continental United States since Hurricane Andrew in 1992. Its eye crossed Cayo Costa and later the mainland at Punta Gorda, before crossing the state with much of its intensity retained. A wind gust of 173 mph (278 km/h) was ...