Citizens Board of Governors has approved recommended rates for 2017 that equal an average rate increase of nearly 7 percent statewide. The company said the increase is a necessary response to rising non-weather water losses and assignment of benefit (AOB) abuse that is now affecting all regions of the state. By unanimous vote, board members…
It’s the worst-case scenario: You get in your car to drive home, to work, or to the grocery store, but you never make it there. How common are fatal traffic accidents? Motor vehicle crashes claimed 32,675 lives in the U.S. in 2014 – around one person every 16 minutes. Although the country’s rate of traffic…
By Charles Elmore – Palm Beach Post Staff Writer One state legislator calls it “ridiculous.” A West Palm Beach lawyer whose firm collected about $5 million in a controversial role as “coach in the press box” for other attorneys at Citizens Property Insurance Corp. has stopped doing that job at least a year ahead of…
By Jim Saunders The News Service of Florida TALLAHASSEE — Pointing to a “crisis” in costly water-damage claims, the Citizens Property Insurance Board of Governors on Wednesday unanimously approved a proposed 6.8 percent statewide rate increase. The proposal would have varying effects for customers of the state-backed insurer, with some homeowners seeing premiums go up…
Lightning Safety Awareness Week Is June 19–25 June 22, 2016 NEW YORK, June 22, 2016 — Whether building a new home, remodeling an existing home or even repairing a home that has been damaged, a lightning protection system can be a worthwhile investment, according to the Insurance Information Institute (I.I.I.). Damage caused by lightning, such…
Sunshine State News With his friend and ally Marco Rubio running for a second term in the Senate, Lt. Gov. Carlos Lopez-Cantera bowed out of the Senate race on Wednesday morning. Lopez-Cantera met with Rubio last week after the jihadist terrorist attack in Orlando and urged his friend to run for a second term. On…
Sunshine Sate News – Allison Nielsen Florida’s Senate races reeled in the dough for the month of May, and politicos statewide were getting busy raising big money for their campaigns. With only five months left until the November general election, candidates are gearing up to a big summer of fundraising, and the numbers are just…
Palm Beach Post – Charles Elmore Brace for a change of direction at one of Florida’s two biggest property insurers. After years of losing customers, state-run Citizens Property Insurance Corp. expects to gain them in 2017, its top executive said Tuesday. A big reason: Private competitors such as Heritage Property & Casualty Insurance Co. want…
Sunshine State News It seems strange, and a little vexing, to hear so few Democrats lamenting the impending loss of so many spectacular women in their caucus — some of the Florida Legislature’s most significant figures. I wonder if they really understand how much their landscape will change after November, that in the blink of an…
CBS News Miami TALLAHASSEE (CBSMiami/NSF) – Dozens of candidates formally stepped into races for state offices across Florida on Monday, but the most closely watched possible campaigner remained silent about his plans. The first day of qualifying ended without any definitive word from U.S. Sen. Marco Rubio about whether he would seek re-election. Rubio, who…