U S Senate committee looks at Florida insurance wuwf.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wuwf.org Daily Mail and Mail on Sunday newspapers.
U S Senate Committee looks at insurance -- including Florida s Citizens Property Insurance Corp wfsu.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wfsu.org Daily Mail and Mail on Sunday newspapers.
Sheldon Whitehouse, a Rhode Island senator, said in a hearing on Wednesday that Florida's property insurance market looks to be "swirling the drain." But his remarks ignored recent improvements that followed legislative reforms.
Beginning June 1, Florida insurance companies will need to purchase re-insurance for the upcoming hurricane season and a warning, that it's not going to be cheap.
With hurricane season just over two weeks away, Citizens Property Insurance's Board of Governors met to discuss a new requirement that aims to cut down on risk.