Insurance

Property owners see average 4.7% insurance increase

Property owners see average 4.7% insurance increase

The Florida Office of Insurance Regulation (OIR) established the 2019 personal and commercial property insurance rates for Citizens Property Insurance Corporation (Citizens) July 29. Citizens announced June 19 that their Board of Governors had approved revised 2019 rates to reflect the projected impact of Assignment of Benefits (AOB) reforms enacted during the 2019 Legislative Session. […]

Insurers seek increase despite law change

Insurers seek increase despite law change

Thousands of residential property insurance customers across Florida could see reduced costs in 2019, but on the whole customers will not see cheaper insurance premiums as the result of long-sought regulatory reform. At the forefront of the insurance discussion is an amended rate filing by Florida’s insurer of last resort, Citizens Property Insurance Corporation.   […]

Lawmakers OK property insurance overhaul

Lawmakers OK property insurance overhaul

After several years and several iterations, legislation to curb rising property insurance costs and stop the alleged abuse of the Assignment of Benefits (AOB) system passed both chambers of the Florida Legislature April 24. Sponsored by state Sen. Doug Broxson, whose district includes Santa Rosa County, the legislation puts new regulations on AOB litigation, which […]

Wind mitigation short-term investment brings long-term savings

Wind mitigation short-term investment brings long-term savings

Floridians can save hundreds if not thousands of dollars each year on homeowners insurance thanks to legislation dating back to 2002, but some homeowners have not taken advantage of the price break. The law allows consumers to reduce their wind insurance premiums by making certain wind-mitigating improvements to their homes, and it rewards homeowners who […]

Lawmakers tackle property insurance abuse

Lawmakers tackle property insurance abuse

Legislation to put stricter requirements on assignment of benefits (AOB) insurance claims has passed the Florida House of Representatives amid vocal support from the insurance industry. The AOB issue for years has been plaguing the state’s insurance industry, which contends that the current law artificially raises the cost of property repairs and subsequently drives up […]

Irma leaves Citizens Insurance with policy bloat

Irma leaves Citizens Insurance with policy bloat

For Citizens Property Insurance, the ultimate goal is to go out of business. The state-run Florida property insurance provider was created to offer an insurance option for residential and commercial properties that could not secure insurance through the private marketplace. When the insurance market is doing well, property owners are moved off Citizens and on […]

Fire district secretary arrested for stealing from pension fund

Fire district secretary arrested for stealing from pension fund

  Melissa Ann Severt, 44, of the 1900 block of Constitution Drive has been arrested on charges of fraud/swindle and larceny. The former employee of Holley Navarre Fire District is accused of raiding nearly $56,000 out of the firefighters’ pension fund over the four-year span of her employment. According to Chief Ron Norton, the transactions […]

Florida property insurers dodge downgrades, bolster reserves

Florida property insurers dodge downgrades, bolster reserves

Despite warnings of possible widespread downgrades, Florida’s leading insurance grading agency has decided not to hand down lower marks to the majority of companies in the state. Read the full article in the March 30 issue of Navarre Press. Subscribe online for as little as $38 per year.

Five Things to Know in Florida for Dec. 2

Five Things to Know in Florida for Dec. 2

MAN GETS 40 YEARS IN MURDER-SUICIDE PLOT THAT LEFT 3 DEAD Patrick Carlopoli was sentenced Wednesday after pleading guilty to six counts, including second-degree murder. Authorities say Carlopoli and his girlfriend, 37-year-old Tammy Modlin, on Jan. 24 first killed the family’s dog at their Fort Myers apartment. Modlin then stabbed 16-year-old Montana Modlin, her daughter […]

SHINE program signs light on understanding Medicare

SHINE program signs light on understanding Medicare

Understanding the benefits of Medicare can be a complicated for some and that’s where the Florida SHINE program comes into play. For more than two decades, SHINE, which stands for Serving Health Insurance Needs of Elders, has provided information, counseling and assistance to Medicare beneficiaries and their families on Medicare and other questions they may […]

Is your insurance going up?

Is your insurance going up?

The Florida Office of Insurance Regulations (FLOIR) has been busy these past few weeks, raising Citizen’s Property Insurance Corporation coastal policy costs by an average 10.9 percent for consumers and finalizing a rate hike of 14.5 percent for workers’ compensation costs to employers across the state. Citizen’s Citizen’s Property Insurance Corporation is a state-backed insurer […]

Worker’s comp insurance rates raised by 14.5 percent

Worker’s comp insurance rates raised by 14.5 percent

The Florida Office of Insurance Regulations (FLOIR) approved a 14.5 percent rate increase for workers’ compensation insurance Tuesday, Sept. 27 raising costs for business owners across the state. The most recent filing by the National Council on Compensation Insurance (NCCI), the company approved to assess and make recommendations to the FLOIR on costs of worker’s […]

Expo connects businesses to ladies of all ages

Expo connects businesses to ladies of all ages

There were lines out the door waiting to get into the Navarre Conference Center Saturday morning, Oct. 1 in anticipation of the Navarre Women’s Expo hosted by the Navarre Beach Area Chamber of Commerce (NBACOC). Businesses from all over the Navarre area lined the conference hall giving ladies a look at the services and products […]

Insurance scammers costing Florida policyholders

Insurance scammers costing Florida policyholders

Santa Rosa County Citizens Property Insurance customers could face an average 8.7 percent increase in their rates after the Florida Office of Insurance Regulation (OIR) Aug. 23 rate hearing. State-run Citizens Property Insurance was established as a catch-all for properties other companies would not insure, and they handle more than 409,000 home and commercial properties […]

Welcome to Married Life

Welcome to Married Life

With all the details that go into organizing a once-in-a-lifetime party for 50, 100, 200 or more of your nearest and dearest, it’s easy to forget that life goes on after the big day is over. Read the full article in the Feb. 11 issue of Navarre Press. Click HERE to subscribe for as little […]