December 29, 2010
Most Read Articles
For several years, Florida consumers have enjoyed relatively low auto insurance rates and have had their pick of reputable auto insurers fighting for their business. However, this period of stability may be in jeopardy due to the PIP insurance fraud spreading rapidly across the state.
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For the fifth year in a row, Florida has avoided the damages that come with hurricanes. Although the reprieve has meant that the cost of reinsurance in the private market has begun to slide downward, Florida's property insurance market remains as volatile as ever; a majority of companies operating here continue to post underwriting losses. Continue Reading »
Online Exclusives
Independent insurance agency merger and acquisition activity has been a wild ride in the past few years and it is not likely to become smooth anytime soon. A consistently active market for the past decade has recently given way to a slow down. However, before anyone gets too comfortable with this slower pace, there is solid evidence that M&As are again on the rise. The question is — how much and for how long? Continue Reading »
Retail property and casualty agents are adapting to the new realities of "For Rent" signs on shop windows and foreclosure notices on home lawns. Agents who never or seldom handled vacant property are now learning the ropes and are looking for answers to some basic, as well as not so basic, questions. Continue Reading » |
Editor's Choice
Newly elected Florida Gov. Rick Scott's theme for his campaign was "Let's get to work!" He is correct. It is time for Florida's policy makers to get to work rebuilding the economy, including insurance markets. To do that, billions of dollars of new insurance capital will be needed.
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