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!
Flood insurance rates in Florida to spike for some properties
NON-PRIMARY RESIDENCES ARE GOING TO BE SEEING AN INCREASE IN THEIR PREMIUMS FOR PROTECTION AGAINST FLOODING – Although owners of primary residences have been breathing a sigh of relief over recent flood insurance news, the story for owners of rental properties and vacation homes will soon be quite different.
Read more here…
Florida’s Citizens Drops Coverage Limits on High-Value Properties
Florida’s state-backed property insurer is lowering the amount of coverage it provides for high-value properties from $1 million to $900,000, per a 2013 law change. Citizens Property Insurance Corp. is implementing the change that will apply to all almost all new and renewal high-value business as of January 1.
Read more here…
Thank you for reading (and sharing). Stay tuned for next week’s weekly review for Florida Insurance Law!
