First Union Prepares to Market Insurance in Florida.(Originated from The Florida Times-Union, Jacksonville)BarkerBenfield, Simon
"Unfortunately, Florida's insurance market has become challenging in recent years," the company said in a statement emailed to CBS MoneyWatch. "Last year's catastrophic hurricane season contributed to an unprecedented rise in reinsurance rates, making it more costly for insurance companies to operate...
“This is the strongest insurance reform package we have ever seen passed in Florida. It shows Florida’s new legislative leaders understand the enormity of the state’s property insurance crisis and are initiating decisive actions to create a path toward stability of the market.” ...
As Hurricane Ian’s death toll in Florida rises to over 50 and rescue teams continue to assist victims, analysts are worried thatthe storm may bring about further destruction– specifically in Florida’s home insurance market. Due to much of the state being in a disaster area, Florida was ne...
Michael Yaworsky, the current commissioner of the Florida Office of Insurance Regulation (FLOIR), said he couldn’t speak to the circumstances around Demotech entering the Florida market. In a very short time, however, Demotech went from having no business in Florida to rating at its peak wel...
Hurricane Milton could cause even more upheaval in the Florida homeowners insurance market, where rates are high and national insurers have fled due to storm risk.Continue reading this article with a Barron’s subscription SUBSCRIBE NOWEnergy Plug Power Wins Government Loan. CEO Is Confident About ...
State Farm is the largest homeowners insurance company in the U.S., with a 17.79% market share in 2023. The company was ranked above average by J.D. Power for both overall customer satisfaction and property claims. Online quotes aren't available in Florida, however, so you'll have to wo...
More on our top Florida car insurance companies Geico Started as the Government Employees Insurance Company in the 1930s, Geico has broadened its membership and evolved into the third largest auto insurer in the U.S., with 12.3% of the market in 2024. Since 1996, the company has been ...
Avoiding accidents has gotten easier in recent years as vehicles with adaptive cruise control and automatic emergency braking systems have come to market, even in entry level vehicles like the Honda Civic and Toyota Corolla. It’s even starting to become standard equipment in a lot of those ...
For an easy comparison tool, try Matic today. Our advisors are experts in the Florida insurance market and can help you find the right coverage for the best price.Related Articles 2025 Home Insurance Predictions: Stability on the Horizon, But Climate and Regulatory Risks Remain 5 Most Expensive...