U.S. Senate committee looks at insurance

U.S. Senate committee looks at insurance

The U.S. Senate Budget Committee, led by Chairman Sheldon Whitehouse, will hold a hearing on Wednesday to examine the impact of climate change on insurance markets, specifically focusing on Florida’s Citizens Property Insurance Corp., which has faced scrutiny over its...
Heritage to trim insurance rates

Heritage to trim insurance rates

Heritage Property & Casualty Insurance Co. has received regulatory approval to reduce homeowners insurance rates in Florida by 3.3 percent starting August 20, attributing the decrease to legislative changes aimed at reducing litigation costs and stabilizing the...
Utilities grapple with unpredictable storms

Utilities grapple with unpredictable storms

Top Florida utility officials have reported that the increasing intensity and unpredictability of hurricanes is complicating and escalating the costs of storm preparation, as utility companies adopt more conservative measures to mitigate potential damage. Top Florida...