Live Insurance News

New health insurance proposals in Florida receive strong support

April 20, 2013April 18, 2013 Logan B.

Florida continues to wrangle with health insurance expansion A Florida Senate panel has approved two proposals designed to help expand the availability of health insurance for low-income citizens. There are only three week left in the state’s legislative session and still a significant amount of work needing to be done concerning the state’s compliance with the Affordable Care Act. As such, lawmakers have been working feverishly in order to draft measures that are expected to have a significant impact on the health insurance structure of the state. Health care law…

Homeowners insurance group under fire from Florida legislators

March 26, 2013March 25, 2013 Marc

Citizens Property Insurance scandalized in the realm of homeowners insurance Florida’s Citizens Property Insurance has been the target of scandals over the past several months. The state-run organization, through which the majority of Florida residents receive their homeowners insurance coverage, has been wrangling with financial problems for years and has recently begun shedding policies, which are being taken up by private insurance companies. Amidst a flurry of criticism, Citizens Property Insurance President Barry Gilway appeared before Florida lawmakers this week to defend the state-run insurer. State-run insurer continues to struggle…

Citizens Property Insurance continues to raise rates in Florida

January 3, 2013January 3, 2013 Marc

Florida homeowners insurance becoming more expensive due to Citizens Property Insurance Florida did not experience a calamitous storm throughout 2012. While the state did fall victim to some tropical storms, the damage caused by these events was modest when compared to that of Hurricanes Sandy and Irene, both of which caused serious problems along the East Coast. Despite the fact that the state seems to have skirted any major natural disaster, the cost of property insurance in Florida is on the rise, and Citizens Property Insurance may be the reason.…

Citizens Insurance rejects consumer benefits

September 4, 2012September 3, 2012 Nordstrom

Florida Insurance News - Citizens insurance

Report reveals Citizens Insurance rejections Florida’s Citizens Insurance has rejected more than 90,000 reports from commissioned inspectors that identified consumers to be eligible for property insurance discounts, according to an inspection from The Palm Beach Post. The Post inspected 225,000 records concerning the matter and found that Citizens Insurance had been rejecting these cases based on an attempt to cut costs and boost revenue. The state-run insurance group has been struggling with financial trouble for several years and is being pressured by government officials to solve these problems. Inspections part…

Florida Insurance News – Wrestling with health care reform

September 4, 2012September 3, 2012 S.Vagus

Florida Insurance News Headline: Officials concerned of losing control of health insurance industry When the Affordable Care Act was passed in 2010, several states banded together to overthrow what they considered to be an unconstitutional law. Earlier this year, the matter went before the Supreme Court, where the law was upheld. Florida was one of the state’s leading the charge in dismantling the Affordable Care Act and, despite the Supreme Court ruling, continues to oppose the law due to its controversial provisions. Florida, along with other stats, have expressed concern that…

Auto insurance reform in Florida comes under fire

August 2, 2012August 1, 2012 Marc

Consumers argue that provisions are too harsh for the innocent Earlier this month, a number of auto insurance reform measures took effect in Florida. State legislators had been working to enact auto insurance reforms to combat the significant problem of fraud the state had been facing for years. The auto insurance reform law that was passed earlier in the year has made drastic changes to the auto insurance industry and has imposed significant limitations on the claims benefits consumers can receive. The law has been in effect for a whole…

Florida’s Citizens Insurance to receive assistance from private insurers

July 31, 2012July 30, 2012 S.Vagus

Private insurers come to the aid of troubled Citizens Insurance Private insurance companies in Florida may be coming to the aid of the state’s beleaguered Citizens Property Insurance Corp. The state run insurance organization has been facing financial troubles for the past several years. The insurer is considered one of the last, best places to attain affordable homeowner’s insurance coverage in the state. This is due to the fact that many private insurance companies have been limiting the policies they write within Florida due to the state’s penchant for natural…