Browsing: Michael Yaworsky

Florida House members are investigating property insurance companies’ financial practices, focusing on money sent to affiliated firms and shareholders while insurers claim losses. The probe, spurred by a report detailing these transactions, aims to uncover the reasons behind high insurance rates and ensure transparency within the industry.

Lawmakers question property insurance companies’ financial practices, focusing on funds sent to affiliated firms and shareholders while rates remain high.

A new property insurance provider, Mangrove Property Insurance Co., has been approved to begin writing home insurance policies in Florida, offering more choices for consumers.

Citizens Property Insurance Corp., the state-backed insurer of last resort, has seen its policy count fall, driven by a depopulation program and improvements in the private insurance market.

Mangrove Property Insurance Co. has been approved to begin writing home insurance policies in Florida, marking the latest company to enter the state’s market following recent insurance reforms.