TAMPA BAY — Industry experts often use terms like life support, verge of collapse and crisis when describing the state of Florida’s property insurance market. Joe Petrelli, President of Demotech, the company that rates the solvency of insurers, points to the recent shuttering of three companies: Lighthouse, St. Johns Insurance, and Avatar Property and Casualty … Read more
TAMPA, Fla. — Homeowners who are insured through Lighthouse Properties are scrambling to find coverage. Court documents showed the Louisiana-based company was placed into receivership on April 5th and was signed off to be liquidated on April 28th. Julieanne Schmidt is one of the policyholders from Lighthouse. She has been through the wringer trying to … Read more
TAMPA BAY — St. Petersburg retirees Alan and Jessica Kapell have traveled around the world for the last three decades. The avid cruisers say they never leave home without travel insurance. “We’ve never taken a cruise without having insurance because everything and anything can happen,” Alan told ABC Action News. And for 30 years they’ve … Read more