Here are some recent articles of interest that I found this week for the insurance industry, Florida insurance law, Florida insurance claims, and Florida insurance trends. Enjoy!
Hurricane Watch: Tropical Storm Bertha forms in the Atlantic
Tropical Storm Bertha barreled toward the northern end of the island of Martinique in the eastern Caribbean on Friday, the National Hurricane Center said.
The storm had maximum sustained winds of 50 mph and was churning through the Atlantic at 24 mph. Bertha was located about 20 miles northwest of Fort de France, Martinique, the hurricane center’s 5 p.m. advisory said. It formed on Thursday.
Read more here…
Florida Insurance News: Federated National Launching Another Florida Home Insurer, Monarch National
Florida homeowners’ insurer Federated National Holding Co. and the Canadian bank and investment manager C.A. Bancorp Inc. have agreed to form a new Florida-based homeowners insurance carrier to be named Monarch National Insurance Co.
Both FNHC and C.A. Bancorp are each putting up $14 million for a 42 percent ownership stake each in the new venture.
Read more here…
Florida Insurance: Homeowners insurance fee may soon expire
Florida’s so called “Hurricane Tax” on homeowners and drivers is expected to come to an end at the beginning of 2015. Policyholders have been paying an extra fee for their property and auto coverage for some time, but the Florida Office of Insurance Regulation has ordered that insurers put an end to these fees 18 months ahead of when these fees were initially meant to expire.
Insurers have until January 1, 2015, to put these fees to rest.
Read more here…
Thank you for reading (and sharing). Stay tuned for next week’s weekly review for Florida Insurance Law!
