Clay County District Schools covered by ‘active assailant insurance’ policy
The Clay County School district’s board approved an estimated $1,634,490 to cover its property/casualty/active assailant insurance policies, an increase of $287,305 or 21% over the previous year. Specifically cited among the district’s reasons for the cost increase is the rise in “active assailant premiums.”
Governor to sign homeowner’s insurance reform; rates still expected to rise
Gov. Ron DeSantis has said he will sign a new law that aims to address skyrocketing homeowners insurance rates by reducing litigation, but part of the deal also allows Florida’s insurer of last resort to raise rates year over year at a higher pace than in the past.
Surprising factors in how your car insurance rates are set
In most states, you’re required by law to carry car insurance. A new Consumer Reports investigation reveals that what you pay for insurance often involves a lot more than just your driving record. It found that three major auto insurance companies-- Geico, Progressive, and Liberty Mutual -- quoted higher average premiums to consumers who had less education. The average consumer shopping for insurance has no idea which factors companies are using to set their rates. A good thing to do is to seek multiple quotes from different insurance companies to make sure that you’re not overpaying.
No-fault insurance repeal teed up in Senate
TALLAHASSEE, Fla. – The latest effort to end Florida’s no-fault auto insurance system will get its first Senate hearing next week. The proposal seeks to replace the requirement motorists carry personal-injury protection coverage -- key to the no-fault system -- with mandatory bodily injury coverage. Senate President Wilton Simpson, a Trilby Republican who is backing the elimination of no-fault, said personal-injury protection coverage is “outdated” and doesn’t protect consumers. Under the no-fault system, drivers are required to carry personal-injury protection, or PIP, coverage to help pay medical bills after accidents. Disputes about the bad-faith issue have stalled past legislative efforts to end the no-fault system.