AGP Executive Report
Last update: 5 hours agoHurricane Insurance: As Isaias approaches, Florida homeowners’ hurricane deductibles are in effect statewide once a watch or warning is issued. They can reach 2%–5% of insured value—$6,000 on a $300,000 home at 2%. Payments & Insurance: Tampa-based SuperSonic Pay launched a service to help software platforms embed payments and manage merchant onboarding. American Coastal Insurance’s new ACES unit plans to begin writing catastrophe-exposed commercial property coverage in Florida and two other states in December. Investor Alerts: A Juno Beach law firm filed a FINRA claim alleging Ausdal Financial Partners failed to supervise sales of non-traded REITs and GWG bonds; the allegations have not been proven. Florida Insurance Market: The state approved an average 12.8% rental-insurance rate decrease for more than 120,000 policies, while Chief Financial Officer Blaise Ingoglia is seeking greater transparency around insurers’ payments to affiliates. Transit Finance: Brightline Florida bonds fell despite a restructuring that avoided creditor haircuts.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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