Fla. consumer advocate wants state investigation against companies that cancel homeowner policies and deny claims based on credit

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Fla. consumer advocate wants state investigation against companies that cancel homeowner policies and deny claims based on credit

Posted on31 October 2012.

Business Week-

Florida’s insurance consumer advocate is seeking a state investigation of, and potentially action against, companies that cancel homeowner policies and deny claims based on credit information.

Robin Smith Westcott called it “an abusive practice” and “a troubling new trend” in a letter to Florida Insurance Commissioner Kevin McCarty.

“This activity threatens not only homeowners’ financial stability but also the state’s economic recovery,” Westcott wrote.

[BUSINESS WEEK]

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