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Florida is not alone when it comes to property insurance. One in 13 homeowners across the U.S. are uninsured, according to a recent study by the Consumer Federation of America. That's a little ...
New insurance companies in Florida must be approved by the Office of Insurance Regulation (OIR), which reviews the firm's business plan, projections and financial condition. The judgment of the OIR has been questioned because six of the 18 companies licensed to write "takeout" policies between 2007 and 2011 failed, even though Florida had no ...
Based in Irvine, California, the group writes direct property and casualty insurance in Arizona, California, Colorado, New Mexico, Nevada, Utah and Texas for preferred homeowners. The Western Mutual Insurance Group has a financial strength rating of 'A' (Excellent) by A.M. Best, a Nationally Recognized Statistical Rating Organization by the ...
"Your insurance company is supposed to be your backup plan." ... Weiss Ratings found that six of the state's largest providers rejected nearly 50% of their claims in 2023, an unusually high figure ...
American Modern Insurance Group, Inc., operating under the American Modern® insurance brand, is the holding company for a number of subsidiary property and casualty insurance companies that provide specialty products for owners of a variety of specialty dwellings such as houses, seasonal homes and mobile homes, and collectable or recreational vehicles such as watercraft, snowmobiles and ...
Of the $165 billion in natural disaster–caused damage the U.S. experienced in 2022, $116 billion of it was in Florida. Average annual home insurance premiums are triple the national average ...
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