Tag Archives: Insurance Claims

Overdevelopment widens Florida sinkhole problem

The insurance industry in Florida has taken note. Florida law requires insurers to cover “catastrophic ground collapse,” and many homeowners buy additional riders to cover more minor damage. “The number of insurance claims for sinkhole damage has increased significantly over … Continue reading →

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FHA May Show Negative Reserves For Mortgage Losses

The Federal Housing Administration (FHA), in a report due out Friday, could disclose that its reserves for future mortgage-insurance claims dipped into negative territory for the first time in almost a quarter of a century. Every year, the FHA, the … Continue reading →

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