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In 1984, Transmark purchased Guarantee Security Life Insurance Company (GSLIC) of Jacksonville, Florida. The two men moved to the Sunshine State, Blackburn taking charge of daily operations, while Sanford managed the investment portfolio. GSLIC's primary products were deferred annuities and life insurance policies. The firm marketed these ...
Efforts by insurance companies to limit their exposure to these lawsuits by limiting the assignment of benefits in their policies have been struck down repeatedly by Florida state courts. Enter ...
A 2021 analysis by then-Florida Insurance Commissioner David Altmaier found that Florida made up 8% of the nation’s homeowners’ claims in 2019, but 76% of its lawsuits.
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The Florida Hurricane Catastrophe Fund (FHCF) was created in 1993 in response to the Florida property insurance crisis resulting from Hurricane Andrew. The purpose for this state tax-exempt trust fund was to encourage additional insurance capacity in the state by providing a stable and ongoing source of reimbursement to insurers for a portion ...
Florida's nickname is the "Sunshine State", but severe weather is a common occurrence in the state. ... Auto insurance fraud was the highest in the U.S. in 2011, ...
As of October 2023, new insurance companies have been approved by the state to offer homeowners insurance in Florida. Slide Insurance, TypTap Insurance and others made offers to over 150,000 ...
In 1974 the Florida Legislature created the Florida Commission on Ethics "to serve as guardian of the standards of conduct" for state and local public officials. [4] [5] The commission is tasked with investigating complaints alleging breaches of public trust by public officers and employees in Florida, other than judges. [5]