WFTV Channel 9 ORLANDO, Fla. — New legislation was passed last week that allows Florida drivers to buy and use autonomous cars. Florida has paved the road for technology, allowing researchers at Embry-Riddle Aeronautical University to test autonomous car. After years of testing, researchers concluded the cars are safer. “I think it’s going to profoundly…
TALLAHASSEE — Florida Gov. Rick Scott on Tuesday signed a bill that supporters say will help make certain that people receive life-insurance benefits after family members die. The bill (SB 966), sponsored by Senate Banking and Insurance Chairwoman Lizbeth Benacquisto, R-Fort Myers, and Rep. Bill Hager, R-Delray Beach, involves requirements for insurers to use what…
TALLAHASSEE — There is little relief coming for homeowners facing crushing rate increases after being nudged (some would say shoved) out of the state-run property insurance company. And those left in Citizens Property Insurance Corp. could be facing big increases of their own because of another failure in the Legislature. In short, it was a…
Six Questions To Help Consumers Decide When To Purchase Travel Insurance April 5, 2016 NEW YORK, April 6, 2016 — Travel insurance can’t prevent bad things from happening on a vacation, but it may be able to protect your financial investment, according to the Insurance Information Institute (I.I.I.). “For many consumers worried that an extreme…
Hurricane Season Is Less Than Two Months Away, And Policies Have A 30-Day Waiting Period April 4, 2016 FOR IMMEDIATE RELEASE New York Press Office: (212) 346-5500; media@iii.org NEW YORK, April 4, 2016 — Nine out of 10 natural disasters in the United States involve flooding, yet less than 15 percent of the nation’s homeowners…
By Harold Bubil , Herald-Tribune Wednesday, March 23, 2016 ORLANDO — After Hurricane Ike’s storm surge virtually wiped out all the beachfront houses east and west of Galveston, Texas, in 2008, FEMA came to the rescue and bought what was left of the first and second houses along the beachfront, and for pre-Ike values. FILE…
The first property insurance company that responded to Florida legislators’ 2013 call for more private flood solutions says it’s created another first. Homeowners Choice Property & Casualty has built what it says is Florida’s first regulated insurance company licensed solely for flood insurance. The website for the new company, called TypTap, went live on March…
By Charles Elmore – Palm Beach Post Staff Writer Hurricanes may have swerved away since 2005, but Florida’s homeowners still are taking direct hits on the wallet. Floridians pay the nation’s most expensive home insurance premiums, averaging $2,115, up from $2,084 a year earlier, statistics released Wednesday show. “The annual premium increases are not justified,”…
NEW YORK, February 29, 2016 —Women have made great strides in the business world in the past few decades. And business insurance is essential to protecting their hard-earned capital, according to the Insurance Information Institute (I.I.I.). Forty years ago women owned just 5 percent of all small businesses in the United States. Today, they own…
ORLANDO,Fla. — Action 9 exposed some bogus offers to replace home roofs for free. In a hidden camera investigation, Action 9’s Todd Ulrich found out how the offers drive up the cost of insurance. The fliers left on front doors may claim a roof is damaged, and can be replaced for free. Several homeowners contacted…