premium discounts News

Delaware Fines Liberty Mutual $300K for Advertising Discounts Not Offered in State

After what it says was an investigation that took months, the Delaware Department of Insurance has levied a $300,000 penalty on three Liberty Mutual companies for advertising discounts that they do not offer in the state. The department said the …

Rebates on HO Premiums? It’s a Thing, Orion180 Says in Launching Florida Coverage

Orion180, a property insurance and surplus lines carrier founded in Melbourne, Florida, in 2016, has now started writing policies in the state where it is headquartered. And it is doing so with what appears to be an unusual strategy: Rebates …

Florida Home Inspector Used Stock Photos 200 Times, Defrauding Citizens, DFS Says

A Florida home inspector allegedly used the same stock photographs in more than 200 home and wind-mitigation inspections, costing Citizens Property Insurance Corp. more than $88,000, the state Department of Financial Services said after the man was arrested. Jasiel Mena, …

Mississippi Wind-Mit Program Now Funded Through Surplus Lines Assn. Revenue

Almost two decades after it was established by the Mississippi Legislature, a storm and flood-mitigation grant program now has some funding – $5 million to be transferred from the Mississippi Surplus Lines Association. “The Legislature didn’t appropriate the money. I …

Georgia Bill Would Require Wind-Mit Premium Discounts for Commercial Properties

Property insurers in Georgia would be required to provide premium discounts for not only residential, but also for commercial structures that are built or retrofitted to resist wind damage, if a bill approved by a Senate committee becomes law. The …

Alabama Wind Mitigation Grant Application Process Opens for Q1

The application process for another round of Alabama home-fortification grants opened Wednesday, Jan. 3, offering up to $10,000 for homeowners who retrofit their homes to make them more wind resistant. The grants, evaluated on a quarterly basis, will pay 100% …

30 Florida Counties Join Suit Against Tax-Bill-Based Home Hardening Program

Tax collectors in more than 30 Florida counties have joined a lawsuit against a home-hardening and energy efficiency program, arguing that it misleads homeowners and saddles them with huge property tax bills. The Florida PACE Funding Agency has pushed back, …

Florida Special Session Called to Punish Iran…and Help Floridians with Wind Mitigation

Florida lawmakers have agreed to convene in another special session – the sixth in three years – this time to sanction the country of Iran but with a little indirect Florida property insurance relief also on the agenda. The call …