Some Floridians have already received the news in their mailboxes. Many others will see it arrive in the coming months. None will welcome it. “Our homeowner’s insurance went from $2,150 to $6,250,” said Shelly Salzman of Lee County. “How’s that for an increase?” Ms. Salzman had been with her insurance company, Kin Interinsurance Network, since
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“I just feel bad that we’ve been paying premiums, and now we’re getting penalized because of Hurricane Ian.” Shelly Salzman Some Floridians have already received the news in their mailboxes. Many others will see it arrive in the coming months. None will welcome it. “Our homeowner’s insurance went from $2,150 to $6,250,” said Shelly
The insurance industry is not doing so well as the sixth insurance company so far this year declares insolvency. According to reports, state regulators in Florida have asked a judge to place a [.]
State regulators Friday asked a judge to place a property-insurance company in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry.