Four states working to fix insurance
A range of remedies to help homeowners and businesses
(FSB Magazine) -- A range of remedies to help homeowners and businesses.
Increased insurance pool for coastal residents.
Passed enabling legislation for captive insurance in 2006.
Capped renewal rates, increased state disaster fund, and ordered rate cuts.
Passed captive legislation in 1982.
Offers grants to companies to enter the market or write new property coverage.
Stiffened requirements for rate-change approval.
Plans to introduce captive legislation in 2008.