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“I’m not paying cheap insurance,” Sasson told WPLG Local 10. “I’m paying very high insurance. ... “We have spoken to dozens of State Farm insured [people] in Florida, Illinois, Ohio ...
A 2021 analysis by then-Florida Insurance Commissioner David Altmaier found that Florida made up 8% of the nation’s homeowners’ claims in 2019, but 76% of its lawsuits. Although critics note ...
In early 2009, the State Farm Florida subsidiary, the state's largest insurer, offered to withdraw from writing property insurance business in Florida after state regulators refused to approve a 47% property rate increase. State Farm said that, in Florida, it had paid out $1.21 USD in claims for every dollar in premiums since 2000.
Cate Deventer. April 22, 2024 at 8:00 AM. In 2022, the Florida home insurance market spent months tumbling toward collapse, but legislation was put in place to help mitigate disaster. These laws ...
Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere. It was established by the Florida Legislature in Chapter 627.351 (6) Florida Statutes as a not-for-profit insurer ...
State Farm Mutual Automobile Insurance Co., 933 F. Supp 635, (S.D.Tex., 1995), the insured's claim was denied for the incident in which an intoxicated pedestrian ran into the side of their vehicle on the freeway. Legally, animals are defined as "“all animal life other than humans and signifies an inferior or irrational sentient being ...
While a 500-mile wide Category 4 storm is good for no one, it doesn’t necessarily mean disaster for Florida’s insurers — at least not yet. The insurance market is complicated, with shifting ...
Motor Vehicle Manufacturers Association v. State Farm Mutual Automobile Insurance Co., 463 U.S. 29 (1983), is a United States Supreme Court decision concerning regulations requiring passive restraints in cars. In it, the Court struck down an order by the National Highway Traffic Safety Administration rescinding regulations that required either ...