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- Crist the Showman takes on insurers!
The mess over property insurance shows no signs of abating with Governor Charlie Crist asking three prominent volunteer lawyers to explore whether the insurance industry can be sued for not bringing rates down as promised. The chances may not be... - AIG's Private Fireflighters Do The Job
Some homeowners in the recent California wildfires got some extra help from their insurer. The insurer helped put out the fires! AIG’s Private Client Group’s own firefighters helped 160 or so homeowners by spraying fire retardant on their homes before... - Which way will the premium wind blow?
It’s no surprise that that profits are up for the homeowner insurance industry in Florida in 2007. A second hurricane-free year and higher rates are the reason, says a trade group, the Insurance Information Institute. Higher rates! How could that... - Hurricane Free--Not According to the Model
It looks like we have dodged another year of hurricanes in Florida. But, according to hurricane modeling firm, RMS, the risk to Florida is greater than ever. You may have never heard of hurricane modeling, but insurers use the storm... - Expect Allstate to Fight Back!
It’s likely that Allstate Floridian, and its affiliated Allstate companies in Florida, will appeal insurance regulators’ rejection of its rate hike. Allstate insists that without the hike — 40-plus percent on average for Allstate Floridian policyholders — the companies could... - The State Farm Goof
State Farm Florida spokesman Chris Neal continues to insist that the company will be dropping no more than 50,000 coastal policyholders starting in January. But the error Neal made last Thursday continues to reverberate. Neal released an document to The... - To Surcharge, With Love
As of mid-Tuesday morning, The Florida Insurance Guaranty Association still had not posted the news on its web site that millions of insurance policyholders will be receiving a two percent assessment next year. So much for transparency, the action took... - Allstate Rate Showdown
It’s not until January, but the public hearing into Allstate’s request for 42 percent rate increase is expected to be quite a show. Gov. Charlie Crist has already slammed Allstate for the proposed increase. Insurance regulators, meanwhile, say the hearing... - Renew With Care!
Gov. Crist’s signing of a new no-fault law will still leave a major gap in the system. The renewal of mandatory no-fault insurance won’t come until January, three months after the Oct.1 end. Auto insurers generally write six-month policies, meaning... - How does this rate?
Just two months ago, state insurance regulators ordered State Farm to bump up homeowners rate from 7 percent to 11-12 percent. Regulators figured State Farm was getting a bigger savings from discounted reinsurance from a state fund. This week, State... - A Bit of Irony
There is a bit of irony in the announcement by the Allstate Floridian Insurance Co. that it wants to raise rates by 41.9 percent. After all, it was Allstate that pushed for the expansion of a state hurricane reinsurance fund... - Is Citizens The Right Choice?
It’s wise that policyholders assess the best homeowners insurance for them before jumping at the lowest price. So the advice Thursday from Jeff Grady, president of the Florida Association of Insurance Agents, warning consumers that state-sponsored Citizens Property Insurance Corp... - State Farm and Allstate Overshadow The Others Insurers
Not all auto insurers want no fault to end. Florida Farm Bureau says no-fault is good public policy, providing medical care to those injured in auto accidents. However, the company does want the law changed to reduce fraud. Other smaller... - Property Insurance Flack On The Ground In Florida
One of America’s largest insurance trade groups, the Property Casualty Insurers Association of America, usually handles most of its public relations work out of Washington D.C. But Florida now has the distinction of being one only two states — the... - Mobile home enhancement program a bad fit
Gov. Crist’s veto of a mobile home enhancement program is a direct challenge to the mobile home industry’s lobbying efforts. Up to now, mobile home lobbying groups have been successful in getting the attention of state lawmakers and diverting part...
