The Florida Legislature is moving forward on a plan to entice private insurance companies to sell flood policies in the state that’s the most vulnerable to storm surge. It’s not clear, though, that many private insurers will want to assume …
The governing board of the state-backed Citizens Property Insurance Corp. on Friday approved $350 million in low-interest loans for private insurers to relieve Citizens of thousands of policies. Citizens has sought unsuccessfully for years to reduce its customer base and …
Fresh data shows Louisiana’s insurer of last resort keeps churning away on getting private insurers to pick up policyholders, a problem largely stemming from the 2005 hurricanes. For policyholders of Louisiana Citizens Property Insurance Corp., the wait to go private …