State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week, nine months after announcing it would
Citizens Property Insurance is heading back to the drawing board after the Office of Insurance Regulation said the insurer's proposed rate hikes had to be reduced.
Florida, Idaho, Kentucky, Mississippi, Montana, North Dakota, South Carolina, Texas and Virginia are the other states listed as plaintiffs by Landry's office. “It’s not just a coastal issue, although it does deeply, deeply impact our coastal communities,” Louisiana Solicitor General Elizabeth Murrill said. “It impacts working communities. It impacts anybody who lives near water.”
Less than 24 hours after the Florida Senate acted, the Florida House of Representatives passed a massive property insurance reform bill that they hope will prevent a collapse of the state’s market.