Later this month, state lawmakers plan to return to Tallahassee for a special session to address property insurance. In addition, there is a federal effort to also examine the issue of property insurance prices in Florida. U.S. Rep. Charlie Crist, a Democrat from St. Petersburg who is currently running for Florida governor plans to file […]
In a recent Florida Senate Banking and Insurance Committee meeting, Barry Gilway, the CEO of Citizens Property Insurance Co. informed lawmakers that it is not just a few Florida property insurance companies that are experiencing financial trouble, but the majority of insurers in the state. According to Gilway, almost every insurance carrier in the state […]
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. […]
According to the recently released results of the J.D. Power 2014 Property Claims Satisfaction Study the best way to keep homeowners happy during the claims process is to keep them apprised from start to finish. Satisfaction among homeowners who filed a claim on their homeowners policy between April 2012 and January 2014 averaged 840 on […]
The home insurance industry in Florida is staring at some major upheavals. According to the Tampa Bay Times, the Senate has passed a bill that will majorly impact home insurance policy activities of the state-run Citizens Property Insurance Corp. and may have far-reaching effects across diverse groups in the economy. By the Numbers According to […]