November 23, 2022
  • November 23, 2022

Florida Governor Ron DeSantis signs property insurance bill to make policies more affordable

by on June 11, 2021 0

SARASOTA, Florida – Florida Governor Ron DeSantis signed a property insurance bill Friday morning identifying several causes of rising premiums, including hurricanes. The governor signed SB 76 which he says will help Florida “turn the corner and go to a better place.” [TRENDING: ‘Conch touch this:’ Woman arrested | 5 tips to cool your...

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Property Insurance in Florida is a Sea of ​​Red Ink Hurricanes, Home & Insurance – Florida Trend

by on May 26, 2021 0

SITUATION REPORT Insurance – a sea of ​​red ink The Legislature passed a bill in its 2021 session making major changes to Florida’s property insurance markets. Time will tell now if that will help Florida-based property insurers withstand losses that doubled in 2020 from 2019. For three years in a row, they’ve lost money...

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After the Assam earthquake, general insurers start to receive claims, mainly in the property insurance segment

by on May 5, 2021 0

The earthquake measuring 6.4 on the Richter scale shook Assam on April 28. The epicenter of the quake was located at Dhekiajuli in Sonitpur district. The tremors, which were felt in northeast India, parts of Bihar and West Bengal, Bhutan and Bangladesh, damaged several buildings and roads in Assam. After a powerful earthquake rocked...

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Delayed Property Insurance Savings

by on May 3, 2021 0

TALLAHASSEE, Fla. (CAPITOL NEWS SERVICE) – Homeowners are suffering sticker shock as home insurance rates rise rapidly in Florida. New reforms to lower rates come into effect on July 1, unless the governor vetoed it, but it could be more than a year before rates stabilize. Florida’s 6.2 million home insurance customers are seeing...

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Florida Senate Passes Property Insurance Overhaul

by on April 7, 2021 0

TALLAHASSEE — With lawmakers taking wildly different positions on what would be best for consumers, the Florida Senate on Wednesday passed a major property insurance bill that targets roof damage claims and litigation against insurance companies. Proponents of the bill (SB 76) said lawmakers needed to approve it to curb skyrocketing insurance rates for...

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FL Senate bill changes property insurance; The house version differs

by on April 7, 2021 0

TALLAHASSEE With lawmakers taking very different positions on what would be best for consumers, the Florida Senate on Wednesday passed a major property insurance bill that targets roof damage claims and litigation against companies. insurance. Supporters of the bill (SB 76) said lawmakers must approve it to curb soaring insurance rates for homeowners. They...

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Kelley Kronenberg Continues Expansion of First Party Property Insurance

by on April 2, 2021 0

The 185-member Kelley Kronenberg law firm continues its hiring wave with the addition of five first party property insurance litigators across the state. With the latest additions in Fort Lauderdale, Jacksonville and Orlando, Kelley Kronenberg has added 10 lawyers to the practice this year. The burgeoning insurance defense group posted 30% revenue growth last...

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Florida lawmakers consider sweeping property insurance reforms

by on March 29, 2021 0

The Florida Office of Insurance Regulations (OIR) has suggested that Florida’s national property insurers would likely double their losses from 2019 to 2020. Here, residents examine debris after Hurricane Michael hit Mexico Beach, Fla. 2018. (Photo: Zack Wittman / Bloomberg) Florida Senate Bill 76, introduced by Senator Jim Boyd (R-Bradenton), was recently adopted by...

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Florida property insurance market is closing

by on March 19, 2021 0

Florida’s insurer of last resort, Citizens Property Insurance Corp., has emerged as the insurer of first resort as thousands of new policies pour in every week and the private home insurance market continues to spiral downward. “The reality is that the market in Florida is closing,” Citizens President and CEO Barry Gilway said in...

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Better rental insurance in 2021 • Benzinga

by on March 8, 2021 0

We narrowed the field down to 4 companies that ranked among the best tenant insurance. We’ll go over what each policy covers, the premium you expect to pay, and whether you can add additional coverage to your policy. Cheapest tenant insurance: Explanation of tenant insurance coverage Most tenant insurance policies include 3 types of...

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Rising business property insurance rates

by on February 25, 2021 0

A silver lining in the E&S market is that outside money is starting to see the sector’s profit-producing potential, which should translate into more capacity coming from insurance-related securities, RPS reported. (Credit: John Disney / ALM) For the first half of 2021, commercial property insurance rates are expected to drop from 10% to 15%,...

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Pet advocates call for dog breed discrimination to be prohibited for property insurance

by on February 24, 2021 0

Supporters of a Invoice who would prohibit property insurers from discriminating on the basis of dog breed testified emotionally during a Wednesday hearing on the difficult decision between housing security and abandoning their pet. Through testimony filed, a joint coalition of animal advocates wrote that a majority of property insurance providers deny or limit...

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Property Insurance Policies for Texas Homeowners

by on February 23, 2021 0

Related practices and jurisdictions Tuesday, February 23, 2021 The historic winter storm from February 13-17, 2021 caused billions of dollars in property damage across the state of Texas. Extremely low temperatures, severe snow and ice storms and widespread power outages led to broken pipes and other weather-related system outages, flooding, destroyed landscaping, loss of...

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Relief for business disruption due to COVID-19?

by on February 19, 2021 0

Can Business Interruption Insurance Help Businesses Affected by the Pandemic? Companies have looked for different ways to stay afloat. Some have sought the help available from the federal government, such as through the Payroll Protection Program. Government relief has generally been designed to help cover salaries and other business expenses. Businesses have been forced...

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Florida Consumers “Astonished” by Hikes in Property Insurance Rates

by on February 12, 2021 0

Florida real estate insurers are raising double-digit percentage rates, attributing the increases to lingering damage from past hurricanes, a wave of litigation and a law that encourages attorneys to sue by allowing courts to award them costs important. Rate increases in Florida, the third-largest property insurance market among US states, are the highest in...

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Legislation proposed to ‘stabilize’ property insurance would reduce roof coverage for more than 10 years

by on February 5, 2021 0

Instead of getting “replacement cost” coverage, insurers could offer “true cost” policies for older roofs. by: Shannon Behnken Posted: February 5, 2021 / 6:40 PM EST / Update: February 9, 2021 / 9:18 AM EST TAMPA, Fla. (WFLA) – Homeowners in Florida are starting to see results as insurance companies take drastic action to...

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Florida High Court Rules for Insuring Citizens’ Property on a Matter of Great Public Importance

by on January 21, 2021 0

The Florida Supreme Court issued an opinion Thursday stating that state law does not allow an insured to recover “extra-contractual consequential damages.” The high court’s opinion was a response to the Fifth District Court of Appeal certifying a “matter of great public importance”. And Roy Oppenheim, co-founder and senior partner of Oppenheim Law in...

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6 AI predictions for property insurance

by on January 7, 2021 0

Insurers are no strangers to large-scale technological change, but 2020 has been unique in the magnitude of the change. Incumbents spent much of 2020 moving complex IT infrastructures to the cloud and implementing new remote risk assessment technologies, in order to continue to serve their customers safely and efficiently. . While individual property and...

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California protects millions of homeowners in fire zones from home insurance denials

by on November 5, 2020 0

In the wake of the worst fire season in California history and a dramatic increase in denials of residential property insurance in fire-risk areas, the state insurance commissioner extended Thursday a moratorium on non-renewals and refusals which he says will affect more than 2 million policies. incumbents, many in the Bay Area. The areas...

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Property Insurance Companies Seeking Big Rate Hikes For Florida Policyholders Florida

by on August 10, 2020 0

(The Center Square) – A quadfecta of factors merge into one reality for Florida’s 6.2 million property insurance policyholders: Significant rate hikes await next policy renewal – if carriers to low cap choose to renew them. Tallahassee-based Capitol Preferred Insurance Co. (CPI) has filed a proposal for a 26.2% premium increase for its 84,000...

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British Columbia Changes Rules As Strata Property Insurance Costs Rise – Victoria News

by on June 23, 2020 0

The BC government is making changes to strata financial and real estate rules to deal with soaring insurance costs for multi-family buildings. Changes introduced to the British Columbia legislature on June 23 would require strata companies to notify owners of insurance coverage, including increased deductibles, and allow strata boards to use their contingency funds...

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State Farm – Tommy Hundley | Auto, Home and Property Insurance | Wytheville, Virginia | insurance | home | Wytheville, Virginia, Virginia

by on February 18, 2019 0

About State Farm – Tommy Hundley | Auto, Home and Property Insurance | Wytheville, Virginia In activity since: 1956 Experienced and Helpful State Farm Insurance Agent Tommy Hundley has been an insurance agent for almost 20 years. Located next to the Wythe County Circuit Courthouse, he and his team at his office in Wytheville,...

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Definition of property insurance

by on March 25, 2017 0

What is property insurance? Property insurance is a general term for a series of policies that provide property protection coverage or liability coverage to homeowners. Property insurance provides financial reimbursement to the owner or lessee of a structure and its contents in the event of damage or theft, and to someone other than the...

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The importance of property insurance

by on March 25, 2017 0

What is property insurance? The basic goal behind purchasing any insurance is to make yourself financially complete after a loss. You agree to pay a small certain charges to an insurance company today in exchange for a guarantee from the company that it will bear the burden of a large but uncertain loss in...

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