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Sunshine State Insurance 25% rate hike proposed! (overhead issues??)
Julie Patel writes well on this issue w/ Insurance companies raising rates while the overhead is also rising.Where is the overhead expense coming from? I believe the cost of doing business and this...
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Hurricane season is over, but how did it affect the US and Florida?
19 named storms, 12 became Hurricanes and 5 were cat 3 or better. Wow, we did not even get hit here in S. Florida, but our prices are still on the rise!! You have seen it happen and it will continue,...
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State Farm and other carriers, not paying old claims anymore?
There are state regulated time frames for processing claims, but Hurricane Wilma claims have been allowed to be much longer than normal. The norm is within 60 days, But Wilma claims have been around...
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United Insurance Calls Off Deal to Acquire Sunshine State Insurance.
The execution of the letter of intent was previously announced by the company on May 15, 2014. “While we are disappointed not to be able to move forward with this acquisition, we are confident that...
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Florida’s Sunshine State Insurance Insolvent; UPC to Assume Policies!
Florida regulators have taken over an insolvent domestic residential property insurer, but a deal is in the works for another private company to assume the insurer’s 37,000 policies. A Leon County...
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Florida Judge Approves Deal for Heritage to Assume Sunshine State Policies.
A Florida judge has signed-off on a plan by regulators to allow a failed Florida property insurer’s policyholders to be assumed by another company, although policyholders will retain the option to seek...
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