Florida Peninsula Insurance Co., a domestic property/ casualty company writing homeowners and condominium policies statewide, says it is prepared to insure Florida homeowners policies that Nationwide Insurance Co. of Florida will not renew beginning July of 2010. The company began writing in Florida in April 2005. As part of a bold risk management strategy, Nationwide Insurance Co. of Florida announced that it would not renew about 60,000 Florida homeowners insurance policies in Florida in 2010, reducing the number of policies in Florida to about 275,000. "This reduction is representative of the tough times faced by insurers from both the natural environment and the regulatory environment in the state of Florida", noted Agnew of Premier Homeowners Insurance. Oddly, there is an apparent political move in the Florida to push one of the largest property/casualty insurers in the country out of Florida. "Current economic woes as well as a slew of failures involving companies in the financial industry have placed the insurance industry under the microscope with both consumers and lawmakers carefully scrutinizing the moves of insurance companies operating in Florida", said Agnew.
Pivotal moments in American health care history: _1798: The Act for the Relief of Sick and Disabled Seamen in 1798 marks the beginning of federal involvement in health care. _1854: President Franklin Pierce vetoes a national mental health bill on the basis ...
President Barack Obama delivers remarks on health insurance reform during his event at George Mason University in Fairfax, Va., Friday, March 19, 2010. (AP Photo/Pablo Martinez Monsivais) Copyright 2010 AP News
Caterpillar (CAT) says it will cost the company $100million in the first year alone: The Peoria-based company said these provisions would increase its insurance costs by at least 20 percent, or more than $100 million, just in the first year of the ...
President Barack Obama's Democrats predicted victory in a cliffhanger vote Sunday on his historic plan to extend health care coverage to some 32 million Americans who lack it now. The 10-year plan, Obama's top domestic priority, aimed to bring the world's richest ...
WASHINGTON, March 17 - Tucked inside that healthcare bill and likely to become the law of the land, is a new federal long-term care insurance policy. Called the Community Living Assistance Services and Supports Act, the new program is a voluntary opt-in ...
Small businesses need the right kinds and amount of insurance as they do disaster prep Small business owners are getting some reminders this month that the forces of nature can threaten a company's survival. And that they need to be sure their ...
LOS ANGELES (Reuters) - Nearly one in four Californians under age 65 lacked health insurance during all or part of last year, well above the latest national average, in a trend fueled by shrinking coverage due to mounting job layoffs, a new ...
Learning lessons from '09 flood, more North Dakota and Minnesota residents buy insurance When the swollen Red River threatened his uninsured house last spring, all Mark Baumgardner could do was pack up, leave and hope he wouldn't lose everything. In the end, ...
Gary Mailloux talks about his flood insurance policy outside his north Fargo, N.D. home on Tuesday, March 16, 2010. Mailloux said he views his policy as a cheap investment. Mailloux bought insurance in 2008 and signed up again last September, six months ...
Health Care 101: If Obama's bill passes, the changes start small and keep getting bigger It took lawmakers a year to shape President Barack Obama's health care bill. If it finally passes Congress, it'll take the better part of a decade to ...
