TALLAHASSEE, Fla. – Feb. 17, 2010 – The Florida Office of Insurance Regulation issued cease and desist orders to three home warranty companies yesterday, including their subsidiaries, for the unauthorized sale of warranty products and service agreements. The companies include National Home Protection, National Home Warranty and National Automotive Services. Office investigators determined National Home [...]
Nationwide Insurance Co. of Florida has announced plans to drop about 60,000 home insurance policies. The company announced Wednesday that it would not be renewing nearly half of its 129,000 home insurance policies in Florida, starting in July 2010. Nationwide spokeswoman Nancy Smeltzer says the company made the decision to maintain viability and manage risk. [...]
Taxpayer risk reduced: Almost 400,000 policies removed from Citizens Property Fourteen Florida-based insurers have taken 361,324 homeowners’ policies from state-run Citizens Property Insurance, reducing Citizens’ exposure to hurricane claims by nearly $100 billion. At the end of November, Citizens had 1,093,138 policies on its books, representing $411.7 billion in exposure. Another 25,000 policies are expected [...]
An ongoing series of tips to help you save money for the down payment on your new home.