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14 Florida insurance companies are in liquidation: American Capital Assurance Corporation. Avatar Property and Casualty Insurance Company. FedNat Insurance Company. Florida Specialty Insurance Company
Today, the average cost of home insurance in Florida is $4,419, according to Insurance.com (for a policy with a 2% hurricane deductible), which is well above the national average. Without the ...
The cost of reinsurance has increased dramatically in recent years, including 27% this year on average, according to the state’s Office of Insurance Regulation. “That’s going to be a pass ...
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 ...
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 ...
GEICO is a wholly owned subsidiary of Berkshire Hathaway, which provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017. GEICO writes private passenger automobile insurance in all 50 U.S. states and the District of Columbia. The insurance agency sells policies through local agents ...
Home insurance costs in Florida are unlikely to fall even as reforms enacted by the state Legislature last year drive down litigation rates, a national insurance analyst predicted in a newly ...
The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32] That is in addition to a 0.7% for 2022, a 1.3% assessment from July 1 2022 to June 30 2023, and another 0.7% ending December 31 2023. [32]