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April 16, 2024 at 3:11 PM. In 2022, news that 27 of Florida’s property insurance companies were potentially facing a financial rating downgrade from Demotech, the state’s primary financial ...
XIV. State Farm Mutual Automobile Insurance Co. v. Campbell, 538 U.S. 408 (2003), was a case in which the United States Supreme Court held that the due process clause usually limits punitive damage awards to less than ten times the size of the compensatory damages awarded and that punitive damage awards of four times the compensatory damage ...
Motor Vehicle Manufacturers Association v. State Farm Mutual Automobile Insurance Co., 463 U.S. 29 (1983), is a United States Supreme Court decision concerning regulations requiring passive restraints in cars. In it, the Court struck down an order by the National Highway Traffic Safety Administration rescinding regulations that required either ...
In early 2009, the State Farm Florida subsidiary, the state's largest insurer, offered to withdraw from writing property insurance business in Florida after state regulators refused to approve a 47% property rate increase. State Farm said that, in Florida, it had paid out $1.21 USD in claims for every dollar in premiums since 2000.
Additionally, Florida auto insurance requirements state that the minimum amount of no-fault coverage you must carry is: $10,000 in Personal Injury Protection (PIP) coverage $10,000 in Property ...
Citizens Property Insurance Corporation (Citizens) was created in 2002 from the merger of two other entities to provide both windstorm coverage and general property insurance for home-owners who could not obtain insurance elsewhere. It was established by the Florida Legislature in Chapter 627.351 (6) Florida Statutes as a not-for-profit insurer ...
The legal penalties for driving without insurance in Florida include fines and a probationary license suspension. See the chart below for a full breakdown: Penalty type. First offense. Subsequent ...
If Trump, who declared his Palm Beach estate his home in 2019, were to pick U.S. Sen. Marco Rubio or U.S. Rep. Byron Donalds, the 12th Amendment could prevent the 30 Florida electors from casting ...