No need belaboring details of what Universal Property & Casualty Insurance Company (UPCIC) has been doing–waiting until after a loss to underwrite, cancelling policies back to inception for alleged “material misrepresentation” for reasons unrelated to the claim or any attempt at fraud by the claimant. [Read more…] about UPCIC…Fines & Penalties!
Archives for May 2013
Assessments–Citizens vs. FIGA
Recently, after reading yet another editorial implying that FIGA (Florida Insurance Guaranty Association) assessments are similar to deficit assessments levied by Citizens, I found myself in a conversation with an industry associate who seemed to accept this dislogic and the resulting conclusions spread by the likes of the Sarasota Herald Tribune, the Palm Beach Post and perhaps a few other media outlets and consumer groups. [Read more…] about Assessments–Citizens vs. FIGA
Citizens, Voting Districts, and…Drawing the Line!
CS/SB-1770 will have a salutary impact on the burden that Citizens places on households it does not insure; including many Floridians who can’t even afford a house. That makes it a good step in the right direction. [Read more…] about Citizens, Voting Districts, and…Drawing the Line!