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February 25, 2008

Another Homeowner's Insurance Company "Leaves" Florida.

    It is reported that the largest "private" Property Insurance Company in the State of Florida, State Farm, has told the Florida Office of Insurance Regulation that it will not issue new Homeowner's Insurance Policies.

    State Farm will apparently remain on the risk to the thousands of Floridians from whom it collects Automobile Insurance Premiums, in addition to soliciting new Automobile Insurance business in Florida.

    These decisions are certain to catch the notice of the members of the Florida Legislature, who will meet in early March for the 2008 Florida Legislative Session.  It is unknown what actions if any will result.  Julie Patel, "State Farm to Stop Selling Homeowner Policies in Florida" (South Florida Sun-Sentinel.com, Sunday, February 24, 2008).

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Posted by on February 25, 2008 at 08:30 AM in Catastrophe Claims, Homeowners Insurance, Landlord and Tenant Insurance, Market Performance, Premiums, Property Insurance, Renter's Insurance | | Comments (0) | TrackBack (0)

February 01, 2008

Insurance Questions Before Catastrophes.

    If possible, the time to address Insurance Questions for Catastrophes is before a Catastrophe happens.  Many kinds of different Coverages, with links provided to useful resources, are addressed in this very good single-source-resource newspaper article:  by Renae Merle, "Covered For Catastrophe?" (washingtonpost.com, Sat., Jan. 12, 2008).

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Posted by on February 01, 2008 at 10:35 PM in Catastrophe Claims, Flood Insurance, Homeowners Insurance, Landlord and Tenant Insurance, Mortgage Insurance, Property Insurance, Renter's Insurance | | Comments (0) | TrackBack (0)

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