Support and charity design after wildfires in southern California with Be Safe California words, map of California state, fire and heart shape. California insurance commissioner Ricardo Lara recently announced that there would be new incentives put in place for owners of older homes who upgrade their properties to make them more fireproof. The “home hardening” […]
Citizens Property Insurance Corp. may be increasing residential homeowner rates by an average of 7.2 percent this year. Citizens Property is the state-backed insurer of last resort, they have been dealing with a flood of new policyholders due to trouble in the private insurance market in Florida. According to a recent Miami Herald article, the […]
A recent analysis found that Florida’s property insurance market is “spiraling towards collapse” and needs immediate attention if there is any chance of protecting consumers and the property insurance market in the Sunshine state. The analysis was done by Guy Fraker of Cre8tfutures Innovation System & Consultancy. Fraker has worked with the insurance industry for 30 years. […]
Citizens Property Insurance Corp and Heritage Property and Casualty in Florida have started going after alleged fraudsters who submit fraudulent claims with a legal tool that was developed to help prosecutors convict organized crime members. In recent lawsuits, Citizens Property Insurance Corp. and Heritage Property & Casualty have claimed that certain repair contractors and their legal partners […]
The Atlantic coast may see a busier than normal hurricane season this year and if coastal property owners have an issue paying their insurance premiums, leading to cancellations, the economic toll from a major hurricane could become much worse. As an example, in 2017, Hurricane Harvey flooded 204,000 homes and apartments which caused roughly $16 […]
As most of the country has fallen under a shelter in place orders, personal travel has declined dramatically. According to data from Inrix, a traffic data analytics company, since late March to early April personal travel traffic in the U.S. dropped 47% compared to traffic in late February. In recent days and weeks, some of […]
A beautiful view of the Islamorada coastline. Also known by Florida homeowners as the highest homeowners insurance rates in the country. According to a recent Insurance.com rate analysis, the highest homeowner insurance rates in the country are in zip code 33070 which encompasses Islamorada Village of Islands, on Plantation Key in Florida. Second place in this dubious honor […]
Florida’s property insurance market hit a new snag this month as tens of thousands of people will be shifted to a different insurance company in the spring due to the insurers financial trouble. Insurance regulators announced on Monday that they had reached an agreement to move 43,000 policyholders from Anchor Property and Casualty Insurance Co. […]
Hilton Head, SC, Lighthouse Just like a standard homeowner policy, South Carolina windstorm policies offer zero protection against flood damage, in order for your home to be fully protect you would need to carry a separate flood insurance policy. If you are unable to find coverage in the private market you may need to purchase […]
Roanoke Marshes Lighthouse – Manteo NC (Dare County, North Carolina) North Carolina homeowners will be experiencing higher premiums for homeowners insurance starting next spring, but the pain is nowhere near as bad as it could have been. Mike Causey, North Carolina’s Insurance Commissioner managed to negotiate the rate increase requested by the North Carolina Rate […]