Florida homeowners insurer News

Florida Appeals Court, Regulator Reject Policy Language Aimed at Curbing AOB Abuse

A Florida appeals court has sided with the state’s insurance regulator in rejecting policy language filed by a Florida homeowners insurer to restrict the use of assignment of benefits. The decision could have a significant impact on the Florida insurance …

Edison Insurance Launches Online Quoting System for Florida Homeowners Coverage

Edison Insurance Co. has launched an online quoting system that offers specific premium quotes for homeowners insurance coverage in Florida. According to Clint Strauch, Edison Insurance president and co-founder, Edison has developed a system that allows potential policyholders to obtain …

Florida’s Universal Insurance Holdings Raises $10M in Share Sale

Florida-based Universal Insurance Holdings Inc. has raised an additional $10 million in capital by selling shares to one of its reinsurers. Universal said it sold 583,771 shares of common stock to RenaissanceRe Ventures Ltd., a subsidiary of RenaissanceRe Holdings Ltd. …