Florida House Speaker calls for hearings amid property insurance profits report

[ad_1] Florida House Speaker Daniel Perez called for hearings to investigate a report made public by the Tampa Bay Times last month that suggests property insurance companies misled the legislature that they were financially struggling. The claims of financial struggle came two years ago when the insurance industry was lobbying for legislation that made it…

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AXA, AXA Tianping, PICC enter auto insurance alliance

The memorandum of understanding (MOU) was signed by several executives from the three companies, including the general manager of the Shanghai Reinsurance Operations Centre. Credit: PRNewswire/AXA Hong Kong and Macau. AXA Hong Kong and Macau, AXA Tianping P&C Insurance and China People’s Property and Casualty Insurance (PICC Property and Casualty) have joined forces on the Green…

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McKinley faculty talk Carle Health insurance discontinuation

Carle Health announced it will discontinue its Health Alliance and FirstCarolinaCare health insurance plans, excluding Medicare Advantage, at the end of the year. The move will force all policyholders, including many University faculty, to choose an alternative plan.  “In recent years, the health insurance industry has changed dramatically, particularly for provider-owned insurers,” read a statement…

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Lawmakers Debate Overhaul Of Attorney Fees In Home Insurance Lawsuits | Newsradio WFLA Orlando

[ad_1] FLORIDA – Florida legislators are once again debating the rules surrounding legal fees in property insurance disputes, reigniting a battle over whether homeowners should have greater power to challenge insurance companies in court. The House Civil Justice & Claims Subcommittee voted 16-1 on Thursday to advance HB 1551, a bill that could reverse a…

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Don’t chase insurance companies out of Florida

[ad_1] Do I wish my property insurance rates were lower? Yes. Do I love my insurance company? Not necessarily. Do I recognize all the complexities involved in Florida’s property insurance market? Indeed. In recent years, many Florida homeowners have faced escalating insurance premiums and dwindling coverage options. While some narratives suggest that insurers are unjustly…

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