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Florida Peninsula began writing home insurance in Florida in April 2005. It sells property coverage exclusively, insuring nearly 150,000 properties throughout the state through a network of 2,500 ...
Michael Peltier, the spokesperson for Citizens, told Bankrate that the company is writing 5,000 to 6,000 new policies per week, and that in many parts of the state, Citizens is “the only game in ...
Village Protection Insurance’s managing general agent would charge the company 28% of all premiums, plus a $25 charge for every new policy, typical rates for Florida-based insurance companies.
New insurance companies in Florida must be approved by the Office of Insurance Regulation (OIR), which reviews the firm's business plan, projections and financial condition. The judgment of the OIR has been questioned because six of the 18 companies licensed to write "takeout" policies between 2007 and 2011 failed, even though Florida had no ...
Data from Citizens, the state-chartered property insurer of last resort for homeowners who can’t find coverage in Florida’s shaky home insurance market, show the company dropped 2,267 policies ...
14 Florida insurance companies are in liquidation: American Capital Assurance Corporation. Avatar Property and Casualty Insurance Company. FedNat Insurance Company. Florida Specialty Insurance Company
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