Florida’s Insurance Problem

Florida’s moving its homeowners’ policies out of the state-run insurer, but insiders are raising eyebrows at one new company’s shady finances.

A Fishy Deal

It’s no secret that Florida’s insurance market is a mess, and this latest development won’t help. Insiders are questioning how one company is making its money, and it’s not looking good. They claim the company’s siphoning off profits, leaving policyholders in the lurch.

Don’t expect any straight answers from the company, though. They’re staying tight-lipped about their finances, which only adds to the suspicion. It’s ridiculous that they’re not being more transparent, especially given the state’s insurance woes.