TALLAHASSEE — In 2015, State Farm’s CEO earned $13.3 million overseeing America’s largest property insurance company. That same year at Tampa-based Heritage Insurance Holdings, one of numerous small Florida-based homeowners insurance companies, its CEO made $27.3 million — despite overseeing 0.3% of the number of policies and accounts of State Farm. Florida-based insurance companies have been going out of business the last few years or raising rates by double-digits. Industry groups and Gov. Ron DeSantis have blamed excessive litigation ...
TALLAHASSEE — State lawmakers’ legislation to crack down on misbehaving insurance companies had teeth. ; Maybe a few too many. ; A provision that would have pierced the veil on insurance company profits by requiring insurers to report new information to the state was met with resistance when the bill was introduced last month. ; By the time senators unanimously approved the bill Wednesday, it was gone.
Large executive salaries and questionable financial arrangements with affiliated companies may be to blame for Florida insurance firms’ difficulties.
Life and Health · AvaHealth, Inc. - 2014 · Florida Healthcare Plus, Inc. - 2016 · MD Medicare Choice, Inc. - 2015 · Physicians United Plan, Inc. - 2022 · Quality Health Plans, Inc. - 2020 · Other · Commercial Insurance Alliance - 2015 · National Title Insurance Company - 2014 ; Property and Casualty · AequiCap Insurance Company - 2017 · Atlantic Preferred Insurance Company - 2016 · FedNat Insurance Company - 2023 · First Commercial Insurance Company - 2015 · First Commercial Transportation and Property Insurance Co. - 2015 · Flori ...
litigious Florida market. GulfStream Property and Casualty Insurance Company quickly followed in July. ese insolvencies were not signi cant matters on their own, but they were the “canary...
Accident Ins Co Claims · ***-***-**** ; ABA · 424-214-3700 ; Allied DART UW · 800-260-1502 ; Assurance America · 888-580-8134 ; All Risks Claims · ***-***-**** ; Amelia UW Claims · 800-940-2306 ; Amer Vehicle Claims · 954-308-1237 ; America Integrity Claims · 866-277-9871 ; American Traditions Claims · ***-***-**** ; American Integrity · 866-277-9871 ; Appalachian · 888-376-9633 ; Burns & Wilcox · 248-932-9000 ; Anchor Claims · 844-365-5588 ; Anchor Underwriting · 727...
l l l I Edison Insurance Co. (division of Florida Peninsula) l I Electric Insurance l l l l T Elements Property Ins. Co l l I Elephant Insurance I Embark Holdco Management, LLC l I Embrace...
Farm Florida Insurance Co583,296,40020.1%556,952,383243,081,64412,540,580 Castle Key Ins... 8%134,463,24146,259,3376,461,956 Homewise Ins Co128,332,1641.7%90,074,37123,415,054138,102 USAA...
Fairfax County, Virginia Annual Comprehensive Financial Report July 1, 2022 – June 30, 2023 Fiscal Year Ended June 30, 2023 Front Cover Photograph: Front Cover – The Silver Line Metro...
At the familiar, treacherous hour of 3 a.m., I wake up in a cold sweat, my heart galloping in my chest. I drink some water and take half an Ambien. Then I turn to a sacred document that comforts me in uncertain times. I’ve read it so often, I can practically recite it from memory: “No more than 28 percent of the borrower’s gross monthly income should be spent on housing costs,” says the article from Rocket Mortgage. When I get these panic attacks, it’s often because a house has finally...