More Private Insurance Available For High-Risk Coastal Properties In The U.S., According To Latest I.I.I. Residual Markets White Paper

Florida’s State-Backed Residual Policy Count Drop Drives 14 Percent Decrease Nationally June 6, 2016 NEW YORK, June 7, 2016 — High-risk coastal property owners in the United States are increasingly able to buy coverage from private-sector insurers, thereby reducing the exposure of state-run residual property insurers, according to the Insurance Information Institute (I.I.I.) The I.I.I.’s…

Report: Florida Insurers’ Ability to Respond to Next Catastrophe ‘Uncertain’

Ron Hurtibise  Sun Sentinel The ability of Florida’s young homeowner insurance companies to manage a large catastrophic hurricane is “uncertain” despite recent strong financial performance, a new Fitch Ratings analysis asserts. The report released last week, “Florida Homeowners Insurance Market Update: No Time for Complacency Following Hurricane-Free Decade,” says the short history and lack of…

Florida Voters Have Chance to Reshape Congressional Delegation

Tallahassee Democrat Paula Dockery, Syndicated columnist At every election, voters have the chance to make their voices heard but during 2016 balloting they have the opportunity to cause a massive shift in the direction we’re going—especially in Florida. The national election—driven by the presidential race—has illustrated the intensity of voter dissatisfaction toward the two-party system,…

Deep, Varied Field Seeks Sarasota Senate Seat

Zac Anderson, Herald Tribune SARASOTA COUNTY – The race includes a 21-year-old who just graduated from college last month and two 71-year-old candidates who first won elected office in Sarasota County in the 1990s. There’s a former sheriff’s deputy, a lawyer, a college professor, a financial advisor, a real estate professional and a former teacher.…

Hurricane Insurance: Open Your Eyes Before Disaster

Casey Logan, Sarasota News Press Randolph and Edith Geslani had good news recently about their spacious home on the Caloosahatchee River in Fort Myers Shores. The physician and his wife have seen their insurance rates fluctuate over the years on the home they’ve owned since early 1990s. Although they’ve filed no claims, the price of insuring…