Florida Insurance Guaranty Surcharge Ends Two Years Early
Florida’s “Florida Insurance Guaranty Association (FIGA) emergency assessment,” often shown on policies as a FIGA surcharge, is now scheduled to end two years earlier than originally planned. What the surcharge was and when it started After several insurers became insolvent, FIGA’s board approved a 1% emergency assessment (the “2023A” assessment) on March 31st, 2023 to…
