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Florida selling bonds to backstop its home insurance market

Since 2019, 10 property insurers that collectively wrote over 440,000 policies in Florida have been declared insolvent, amounting to a net cost to FIGA of about $1.6 billion, according to bond documents. Credit: Kuteich/Adobe Stock (Bloomberg) — A Florida state agency is selling...

Artificial Intelligence could be selling you your next home insurance policy

How would you like to purchase your next insurance policy from a computer instead of a live person? It’s the latest concern in Florida’s ongoing insurance crisis plaguing the state. It’s known as “AI” or Artificial Intelligence, computers taking the places of people, and while...

How Much Does Cleaning Business Insurance Cost?

Cleaning business insurance offers business owners financial protection against various types of liabilities, like a client who slips and gets hurt on a wet floor or if an employee falls ill due to chemical exposure in the workplace. But, how much does it...

Community rallies to replace 3-year-old Calgary girl’s specialty wagon

Article content Calgarians stepped up to raise funds to buy a local girl with complex medical needs a new accessibility wagon after hers was stolen from her family’s garage last week. Article content Three-year-old Jazln Lee’s specialized wagon was...

Insurance fraud soars due to cost of living crisis

Police and insurance providers warned of the potential effects of submitting fraudulent claims.Detective Chief Inspector Tom Hill, of the Insurance Fraud Enforcement Department (IFED) at City of London Police, said: "We understand that the rising cost of living has presented challenges for many...

Flooding and Beach Erosion

Historic mistakes were made in developing Manatee and Sarasota counties. These mistakes cannot be easily corrected, and there is no reason to believe we will change our lifestyle or land use patterns because of the increase in flooding due to climate change.   We...