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TypTap Insurance is a newer company that was founded in 2016 and funded by HCI Group, Inc. HCI Group deals in homeowners insurance, information technology, real estate and reinsurance.
According to Giacone, homeowners benefit from there being more than one major rating agency on the scene in Florida. Oftentimes, insurance companies have ratings from more than one company, which ...
The Insurance Information Institute (III), an industry group, reports that 80 percent of the nation's homeowners insurance lawsuits are in Florida, despite only 9 percent of the nation's insurance ...
14 Florida insurance companies are in liquidation: American Capital Assurance Corporation. Avatar Property and Casualty Insurance Company. FedNat Insurance Company. Florida Specialty Insurance Company
State regulators have approved new insurance companies to enter Florida’s market. Others are forming, and although companies like Farmers and Progressive recently announced plans to leave or ...
While the insurance industry likes to point to some bad actors that defraud the system or consumers’ rights to take an insurance company to court, these are not the drivers of Florida’s ...
Village Protection Insurance’s managing general agent would charge the company 28% of all premiums, plus a $25 charge for every new policy, typical rates for Florida-based insurance companies.
Florida had the highest percentage — 20% — of homeowners paying that annual amount for homeowners insurance in 2023, according to the Census Bureau 2023 American Community Survey, released ...