It’s been years since a major hurricane has hit Florida, and the good news for Floridians is that property insurers are filing applications to write policies in the state again. But there’s a plan being hatched by the board of …
Florida’s state-backed property insurer has opted to put the brakes on its plan to loan private insurers up to $350 million in surplus in order to address a growing wave of criticism from lawmakers, elected officials, and consumer groups. Citizens …
A plan by Florida’s state-backed property insurer to loan private insurers millions of dollars in surplus in exchange for removing policies has not been properly vetted and is a sweetheart deal for a few insurers, a Florida official has charged. …
