Live Insurance News

Florida may become home for private flood insurance

February 11, 2014February 8, 2014 Logan B.

Florida lawmakers seek to open up the market to private insurers Flood insurance rates may remain stable in the U.S. for a time as federal lawmakers begin investigating ways to reform the federal program that provides flood protection, but many homeowners are still concerned about the financial impact of flood coverage and the federal program’s ability to actually honor the policies it represents. The National Flood Insurance Program is currently crippled by massive debt. While the program has been able to pay claims thanks to the support of emergency spending…

Homeowners insurance from Citizens to be lost by many property owners

November 7, 2013November 4, 2013 H. Cutner

Florida homeowners insurance, Citizens Property

By January, there will be tens of thousands of consumers who will no longer be covered by the state-backed company. January is coming ever closer, and by that time the homeowners insurance from Citizens that is currently covering a large proportion of the property owners in the Florida will be shrinking by tens of thousands of policies. By that point, policyholders will no longer have the choice as to whether or not they remain with Citizens. This should not come as a complete surprise to many of the people in…

Homeowners insurance claims from sinkholes rising in Florida

August 19, 2013August 17, 2013 G. Turner

The increase in this type of damage is starting to make a mark on several of the state’s industries. Although sinkholes have always been around, there has been a sudden increase in the number of homeowners insurance claims relating to their damage throughout Florida, causing engineers, scientists, real estate developers, and other experts at a difficult conflict. Many believe that it is the activity of humans that is causing this spike in sink holes. There are some geological experts that have stated that they feel that there is a growing…

Homeowners insurance policyholders at Citizens may have savings option

May 21, 2013May 25, 2013 H. Cutner

Many property owners are unaware of some of the cheaper coverage opportunities that are available. Citizens homeowners insurance policyholders in Florida may have additional savings options available to them of which they have been completely unaware, but that is starting to gain more media attention. As raises in rates have been making headlines from this insurer of last resort, many have missed potential savings. There are less expensive forms of coverage at Citizens homeowners insurance, which are available amid an environment in which the rates are rising at a staggering…

Insurance news features highlight on water damage scams in 2012

December 24, 2012April 30, 2013

Insurers are cautioning consumers to take care in the way they deal with their cases. Due to recent insurance news that has included a massive increase in the number of water damage scams throughout this year, insurers are now warning their customers to take care to contact their homeowners or business insurers immediately to make sure that all procedures are followed correctly and they can obtain the proper assistance. In some states, such as Florida, approximately half of all claims have to do with water damage. The problem is that…