INSURASALES

Tag: Florida

Florida Insurance Regulators Issue $2.075M in Fines Over Hurricane Claims

Florida insurance regulators fined eight companies $2.075 million for claims handling violations after Hurricanes Ian and Idalia, reinforcing market accountability amid sector recovery.

Florida Blue and Memorial Healthcare Contract Dispute Affects 31,000 Members

Florida Blue and Memorial Healthcare's contract dispute renders 31,000 members out of network in Broward County, impacting access across commercial, ACA, and Medicare Advantage plans amid reimbursement rate disagreements.

Florida Faces Health Insurance Crisis as ACA Tax Credits Expire in 2025

Florida risks a major health insurance crisis as ACA premium tax credits expire in 2025, threatening coverage for millions and increasing premiums significantly, especially in Miami-Dade.

New Homeowner Insurer Joins Florida's Revived Property & Casualty Market

Florida's property and casualty insurance market expands with a new homeowner insurer joining the state's revived P&C sector. Insights on market developments.

Florida Peninsula Insurance Proposes Significant Homeowners Premium Reductions

Florida Peninsula Insurance seeks approval for substantial homeowners and condo premium reductions in Florida, signaling potential market stabilization amid regulatory reforms and hurricane season risks.

Mercury Insurance Expands Umbrella Coverage in Florida Amid Rising Bodily Injury Claims

Mercury Insurance launches enhanced umbrella insurance in Florida to address rising bodily injury claims, offering increased liability protection for policyholders' personal wealth.

Tropical Storm Erin Spurs Florida Homeowners to Review Hurricane Insurance Ahead of Season

Tropical Storm Erin prompts Florida homeowners to proactively review insurance coverage and prepare for the 2025 Atlantic hurricane season. Key insurance insights and storm impact updates.

Understanding Direct Repair Programs in Florida Insurance Claims

Explore the role of Direct Repair Programs in Florida insurance claims, coverage implications, and the importance of informed decisions in water damage repairs.

Patriot Select Approved to Take Over 30,000 Policies from Florida's Citizen Property Insurance

Patriot Select gains regulatory backing to assume up to 30,000 personal residential policies from Florida's Citizen Property Insurance, reflecting a strategic risk transfer in the state's insurance market.

Florida Auto Insurance Rates Drop 6.5% After Litigation Reforms

Florida's top auto insurers reduce rates by 6.5% after litigation reforms aimed at reducing costly lawsuits. Market trends suggest increased competition and usage-based discounts.