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It’s a Healthy Market

In Florida, homeowner's insurance on August 25, 2014 at 1:32

 

Homeowners

There’s good news for Florida homeowners insurance – the market is the strongest it has been in 10 years. The bad news is that the general news focuses on the bad news!

The Ocala Star Banner took the time to report and clarify news about insurance failures. “These failures do not happen as frequently as claimed,” said Kevin McCarty, Florida’s insurance commissioner. He quotes the number of demises – far smaller than one would think – and provides insight into why some went under.

In a field of nearly 120 companies, 12 couldn’t sustain themselves. It doesn’t take a math genius to see that 90 percent of companies are doing well. 

Newspapers do their best to report facts and figures, but they often require more in-depth discussions. It’s not that you can’t believe everything you read, but you need to look further.

To read more about this click on the link:

 http://www.ocala.com/article/20140810/OPINION/140809696?p=1&tc=pg

Heritage Insurance Plans to Launch Insurance Program for Florida Properties

In Florida, Insurance, Insurance News, Interesting News on July 29, 2014 at 1:32

Heritage Insurance Holdings Inc. announced that it has created an insurance program for commercial residential properties in Florida. According to a recent statement, the company’s new line will be written by Heritage Property & Casualty Insurance Co.

The new program will offer commercial products such as coverage for condominium associations, homeowner associations, continuing care retirement communities and apartment complexes.

Heritage Insurance says it is listening to its market and answered a need for this industry sector.

Will other companies follow suit?

To view full article click here.