Sinkhole insurance abuse hurts us all

Tuesday, August 2nd, 2011 Auto Legislation & Regulation Liability Property

The recent rate increases proposed by Citizens Property Insurance Corporation for optional sinkhole activity coverage, while eye-popping in a few regions, are not surprising to actuaries. We have observed the alarming trend in claims costs since the last big round of changes to Florida property insurance law — and observed the explosion of billboards and TV ads encouraging new claims.


External References & Further Reading
http://www.miamiherald.com/2011/08/01/2340797/sinkhole-insurance-abuse-hurts.html
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