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Hearing on Florida Residents’ Near-Max Rate Increases Set for March 31
The Florida Office of Insurance Regulation will hold a hearing on Thursday, March 31, to look at a request by Residents Property Insurance Corp. for a near-maximum rate increase for many of its policies. Residents, limited by its statutory “glidepath” to a maximum increases of 11% this yr, in December filed for near that on […]
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Goodbye Courtroom? Florida Residents Wants Claims Disputes Heard by Admin Judges
By this time next year, Citizens Property Insurance policyholders and assignees of benefits could see their claims disputes decided, not in county or circuit courts, but by administrative judges who work for a Florida state agency.The Citizens Board of Governors on Wednesday voted to move ahead with a policy endorsement that would allow the insurer […]