Effort to Limit Third-Party Property Insurance Claims Stalls in Legislature

By Ron Hurtibise Sun Sentinel Insurance industry-backed bills aimed at restricting repair contractors’ ability to require homeowners to sign over insurance benefits before repairs can commence likely won’t become law this year, supporters and opponents concede. The bills — in the state House and Senate — stemmed from arguments by insurers that water restoration companies…

The 10 Costliest U.S. States for Auto Insurance

    Do you  think your auto insurance premiums are hefty? If you live in these 10 states, you might have a point. The National Association of Insurance Commissioners (NAIC) has released its 2011/2012 Auto Insurance Database Report, including calculations for average annual auto insurance premiums for all 50 U.S. states and the District of Columbia. The NAIC…

Florida State Storm Fund Disclosures Spark Debate

April 14–Proponents say the time is right for Cabinet officials to approve a first-ever plan for theFlorida Hurricane Catastrophe Fund to buy private reinsurance, but opponents say it’s a better deal forBermuda financiers thanFlorida homeowners. Skeptics questioned terms disclosed less than 24 hours before a Cabinet meeting today they understand to show homeowners will pay$12.60…