August 20, 2015
Sometime after the sun came up Wednesday, a woman walking her dog past a fenced-off area in a sleepy suburban neighborhood near Tampa, Florida, heard a loud rumble. She quickly dialed 911. The earth had opened, again. By Wednesday afternoon, …
July 20, 2015
In Citizens’ 2016 rate proposal, approved last month by the Citizens Board of Directors and awaiting approval by the Florida Office of Insurance Regulation, the insurer of last resort did not recommend any sinkhole rate increases for 2016 for most …
July 9, 2015
Below is a summary of Tennessee legislation that pertains to insurance enacted in 2015. Uninsured Motorist, “James Lee Atwood Jr. Law” The James Lee Atwood Jr. Law, named for a driver who was killed by an uninsured motorist in the …
March 27, 2013
Unicoi County (Tennessee) Schools Director Denise Brown said she’s confident the cost of relocating an elementary school threatened by a sinkhole is covered by insurance. Brown told the Johnson City Press that the contract through Risk Management Trust specifies the …
March 15, 2013
A Florida court has upheld a decision by state insurance regulators that property insurers must offer sinkhole loss coverage in an amount equal to the dwelling coverage limit. Farm Bureau asked the Office of Insurance Regulation to approve an amendment …
September 23, 2011
Florida officials and the state’s-backed property insurer were working to find common ground in the aftermath of the political firestorm over the insurer’s proposed large hike sinkhole coverage rates, with the insurer indicating it will implement the approved rates that …
September 13, 2011
Florida residents who have sinkhole insurance through the state-backed property insurer will see any premium increases phased-in over a number of years based on a new policy of the insurer. The Citizens Property Insurance Corp. board of governors held an …
August 5, 2011
State Sen. Mike Fasano is rallying Florida policyholders to join him in front of the Pasco County Government Center next Tuesday in a sign-waving protest of the proposed sinkhole rate increases sought by Citizens Property Insurance Corp. Fasano is a …