Florida hurricane deductible News

ARC, FAIA to Offer Parametric StormPeace Coverage to Florida Member Agents

The Florida Association of Insurance Agents (FAIA) and Assured Risk Cover (ARC) have formed an agreement that grants FAIA member agents access to the StormPeace parametric insurance product that pays out-of-pocket expenses not covered by homeowners insurance. StormPeace automatically pays …

ARC, Topa Insurance Launch Coverage for Post-Hurricane Losses in Florida

Topa Insurance Co. has formed an exclusive partnership with Assured Risk Cover (ARC) to launch StormPeace, an insurance product in Florida designed to protect insureds from economic loss incurred by a named hurricane and is available through a select network …

Vertus Insurance Launches Supplemental Catastrophe Insurance in Florida

Florida-Based managing general underwriter Vertus Insurance Partners has launched a supplemental insurance policy targeting homeowners in hurricane prone states. Available now in Florida, CAT4Home will provide complete hurricane deductible reimbursement and additional coverage for select exposures typically limited or excluded …

Florida Court: No Penalty for Insurer Not Following Deductible Disclosure to a ‘T’

The failure to strictly follow the requirements for providing policyholders with information about their hurricane deductible does not mean the deductible is unenforceable, Florida’s high court has ruled. The Florida Supreme Court recently issued the ruling in a case [QBE …