The high-value of even the lowest-priced racing cars and the likelihood of calamity drive up overall insurance costs and make liability coverage for motor sports particularly difficult to find, according to motor sports insurance experts. Race car insurance is also …
Citizens Property Insurance Corp. has reversed a June decision to cancel its builder’s risk program and agreed to renew existing builder’s risk policies and write new policies in Florida until the end of the year. The shift in policy was …
Even with a wave of consolidation through the industry, the number of new and used auto dealerships in the U.S. is close to 100,000, meaning most independent agents have multiple dealers in their own backyards. “We have been able to …
Veronica Della Porta, chairman of the Florida Association of Insurance Agents, recognized catastrophe team volunteers who traveled to hard-hit areas and assisted victims during 2005, when hurricanes hit the southeast U.S. Bay St. Louis, Miss., agents David and Angelyn Treutel …
Insurers look at Florida’s government as a heavy-handed, intrusive, oppressive regulatory regime that does more harm than good to property insurance markets. According to Ernie Csiszar, president and CEO of the Property Casualty Insurers Association of America, Florida’s government and …
According to a consultant for the Federal Alliance for Safe Homes, Florida’s building codes, which were approved in 2001, are working. He also says that Hurricane Charlie was a “model” hurricane in the sense that it was exactly what the …
Federal and state governments should work with private insurance companies to sponsor disaster mediation programs, according to a former head of the Federal Emergency Management Agency. James Lee Witt, president of James Lee Witt Associates and FEMA director in the …
Unless the state adopts a comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida insurance market and leave millions of Floridians without affordable and reliable insurance coverage, according to Sen. Rod Smith, of Alachua, Fla, …
If a mandatory or even an optional Federal Charter is implemented in Washington, D.C., it will be a “recipe for disaster,” says Charles E. Symington Jr., Independent Insurance Agents and Brokers of America’s senior vice president of Government Affairs and …
Agents can make a difference in the perception of the insurance business if, instead of tracking and billing delinquent accounts, they turn everything around and call good customers, Kat Davis of Tower Hill Insurance in Gainesville, Fla., insists. In a …
