Florida residents in rural areas may be having fire insurance difficulties now that insurers have begun using revised community fire ratings that rate some rural counties a high risk for fire loss. The industry’s Insurance Service Office has assigned new …
Florida Chief Financial Officer Jeff Atwater has urged state insurance regulators to consider an affordable “glide path” for homeowners seeking to buy sinkhole insurance from Citizens Property Insurance Corp. Atwater questioned Insurance Commissioner Kevin McCarty about the possibility of phasing …
Florida’s consumer advocate says Allstate’s two Florida home insurers are among the state’s best run and deserve double-digit rate increases along the lines they have requested. The Allstate units, Castle Key Insurance Co. and Castle Key Indemnity Co., which insure …
Two subsidiaries of Allstate Insurance Company Florida are seeking homeowners rate increases worth more than $90 million. Castle Key Indemnity Co. is seeking a 36 percent statewide average rate increase and Castle Key Insurance Co. is seeking a 31 percent …
Esurance, the online car insurance company, said that it is partnering with Security First Insurance Co. as an underwriter to offer homeowners insurance in Florida. The move comes a little more than a month after Allstate Insurance announced it is …
Alabama’s second largest insurer of homes, Alfa Insurance, announced plans Friday to not renew policies on one out of every six homes it insures in Alabama. The company said it will send notices involving about 73,000 homes when they come …
Many of the states hammered by what’s already the deadliest year for tornadoes in more than half a century have among the nation’s highest rates of homes without hazard insurance despite being among the most twister-prone, data analyzed by The …
Mississippi regulators have moved to limit homeowners’ insurance premium hikes that result from changes in an insurer’s fire grading system. Mississippi Insurance Commissioner Mike Chaney has instructed insurers that during any 12 month period they may only raise an insured’s …
The swarm of tornadoes that killed more than 230 people across Alabama last month destroyed or heavily damaged more than 13,000 homes statewide and will smash the record set by Hurricane Ivan in 2004 to become the state’s costliest disaster …
West Virginia’s volunteer fire departments are in financial trouble, forcing some to close, because annual fees aren’t keeping pace with the costs of firefighting, the state fire marshal says. “We used to be able to say it would happen ‘one …
