My neighbor dropped flood coverage this year to shave expenses. Frankly, I’m thinking of doing the same thing....
The fate of Florida’s fragile property insurance market may depend heavily on what happens in the next round of elections in the Sunshine State....
Insurance losses from the explosion and sinking of the Deepwater Horizon oil well are expected to be the largest ever for global offshore energy insurance and reinsurance markets. As claims mount, the public is saying, “Show us the money.” ...
As the enterprise risk manager (ERM), for Citizens Property Insurance Corp., Robert Gofourth’s job places him at ground zero throughout the year, not just during hurricane season. ...
A recent survey by the Reinsurance Association of America (RAA) showed negative movement across two critical indicators within the reinsurance marketplace....
June. While for many it evokes images of summer vacations, weddings, and days at the shore, here in Florida we think of hurricanes....
Florida’s personal and commercial residential property insurance market today consists mostly of small domestic insurers, Citizens Property Insurance Corp. and State Farm Florida Insurance Co....
It doesn’t seem fair for me to pay for replacement cost coverage in my homeowners’ policy if I only get actual cash value upfront. I paid good money for replacement cost coverage, and I want it now....
Nobody wants to pay any more than they have to for anything and, unfortunately, Florida lawmakers have discovered they actually have the ability to manipulate and control the insurance industry and its rates. ...
The absence of a major catastrophic event in Florida in recent years has not erased memories of the 2004 and 2005 hurricane seasons and the impact of the ensuing hard property insurance market. ...
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