In the wake of Hurricane Michael, Florida Governor Rick Scott directed Insurance Commissioner David Altmaier to place a 90-day rate increase freeze on any potential property insurance filings and updates. The directive intends to give homeowners and business owners time to recover from the damage caused by the hurricane.
Additionally, Governor Scott directed Commissioner Altmaier to rescind for 90 days all policy non-renewals or cancellations issued in the days leading up to Hurricane Michael, giving policyholders more time to find coverage. Furthermore, policyholders will have an extra 90 days to provide their insurers with any required information for their claims.
For any questions or updates regarding Florida’s insurance directives due to Hurricane Michael, please contact Westmont Associates, Inc.
Westmont Associates, Inc. tracks developments affecting the insurance industry, in addition to our other services. If you have any questions, please contact us.