Westchester Surplus Lines Insurance has reached a settlement with a Florida condominium association over a hurricane damage claim—three years after the association submitted loss estimates that insurers blasted as wildly inflated, even calling them 'outrageous.'
With virtually no debate and barely a word of discussion, a final committee in the Florida House on Tuesday signed off on a bill to create a clearinghouse designed to shift commercial insurance policies out of Citizens Property Insurance Corp. and into the surplus lines market—an effort that could significantly reshape Florida’s property insurance landscape.
Westchester Surplus Lines Insurance has reached a settlement with a Florida condominium association over a hurricane damage claim—three years after the association submitted loss estimates that insurers blasted as wildly inflated, even calling them 'outrageous.'
