Associated Press - March 15, 2010 5:24 PM ET TALLAHASSEE, Fla. (AP) - A Clearwater-based property insurance company is the latest Florida company to run afoul of Florida insurance...
March 15 (Bloomberg) -- Florida ’s government-owned Citizens Property Insurance Corp. , bracing for an “above-normal” hurricane season, plans to sell $2 billion in tax-exempt bonds as early as this week.
Florida insurance regulators Tuesday notified a Jacksonville-based insurer that it has until the end of the month to comply with solvency requirements to avoid suspension or losing its license.
Every year in Florida insurance companies lose 100’s of millions of dollars to fraudulent sinkhole claims. Legislation to cut down on insurance fraud would help companies curb their losses by limiting the amount of money they’re on the hook for.
