Tag: Sinkhole insurance
Digital transformation, IoT, Internet of Things, Software technology development concept. Software engineer coding on laptop computer with innovation technology interface with circuit board, internet network on virtual screen

Michael MolineOctober 20, 2016
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4min422
State law limits a homeowner’s rights under a sinkhole policy once the insurer becomes insolvent and the claim goes to the Florida Insurance Guaranty Association, the Florida Supreme Court ruled Thursday. It doesn’t matter if the policy was issued before a statute constraining the association’s obligation took effect, Justice Charles Canady wrote for a unanimous […]

Phil AmmannFebruary 9, 2016
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2min317
A Senate committee Tuesday unanimously approved a bill enabling insurance companies to sell standalone sinkhole policies for damages falling short of catastrophic loss, reports LobbyTools. The bill “would allow people to go out on the market and buy sinkhole coverage, standalone, not tied to their homeowner’s insurance,” said Sen. Jack Latvala, sponsor of Senate Bill […]


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