AOB Abuse is Raising Consumer Insurance Costs
Important update for Florida Homeowners, AOB abuse is raising consumer insurance costs.
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…
Florida Lawmakers Reel In the Cash in Days, Hours Before Session Starts
TALLAHASSEE | Florida lawmakers are barred from raising campaign cash during the legislative session. But during the days and hours before the annual session started March 3, about $1.3 million poured into lawmakers’ campaign accounts — with large chunks of money coming from businesses or groups with interests in the Capitol, according to newly filed…
House of Cards, ‘Treason’ Cited in Battle for House Speaker in 2020
TALLAHASSEE – Exactly who is going to be Florida House Speaker in 2020 is probably the last thing on the minds of Central Floridians. But the subject is paramount among top Republicans all over Florida as allegations of “treason,” strong-arm tactics and a “House of Cards” mentality emerged Sunday, revealing a contentious fight over the…
Home and Auto Insurance Rates in Florida Expected to Dip 1.5% This Summer
State regulators say home and auto insurance rates in Florida should dip 1.5% in July, according to a report by MyFoxOrlando.com. Florida residents who pay a private insurance company for coverage on a car, motorcycle, boat or house will see savings of $15 per $1,000 of premium. Thomas Cotton, owner of Hugh Cotton Insurance in…
GOP Wins Trio of Special Elections
ST. AUGUSTINE, Fla. – Republicans easily won a trio of Northeast Florida legislative seats Tuesday during special elections triggered by the resignation last year of former Sen. John Thrasher, R-St. Augustine, to become president of Florida State University. Given the GOP’s dominance in the region and the significant fundraising edge of the Republican candidates, the…
Florida Legislature Passes Flood Insurance Bill
TALLAHASSEE, Fla. (AP) — Florida is trying to entice private insurance companies to sell flood policies in the state that’s the most vulnerable to storm surge. The Florida Senate voted Thursday 30-3 for the bill (SB 542) sponsored by Sen. Jeff Brandes, a Republican from St. Petersburg. It now heads to the desk of Gov.…
Richard Corcoran Takes Center Stage Leading Florida House
TALLAHASSEE — By 2007, Richard Corcoran was a well-paid and deeply entrenched Florida political operative tied to several House speakers and Gov. Jeb Bush. But, ambitious and restless, he quit his job as chief of staff to House Speaker Marco Rubio to run for office himself. “I’d get moments of frustration,” Corcoran said. “Someone finally…
Florida Hurricane Building Codes Drop a Notch in 2015 Ratings
AUSTIN, Texas — Florida dropped back to second place, but remains close to the top of the 18 hurricane-target coastal states in building codes in a 2015 rating report released Wednesday by the Insurance Institute for Business and Home Safety. The Institute, in an update of its 2012 findings, gave Florida 94 points out of…