Helping Secure Your Future

Cotter Insurance provides quality insurance protection for individuals and families throughout Florida. Securing your future is our #1 priority.
By offering first rate coverage for your Home, Auto, Boat, Personal Watercraft, Trailer, as well as Flood and Umbrella insurance, we make sure that you and your family have the protection you need at rates you can afford. At Cotter Insurance, you have the benefit of working with insurance agents who have over 50 years of combined experience. We'll evaluate your specific needs and find an insurance company that will give you the best value for your dollar.

FAQs

/FAQs/

Isn’t this really just about states protecting their turf?

Modernization efforts are not just about the survival of the state system. It is about responding to change and, in turn, making the best insurance regulatory system in the world even better. State policymakers believe consumers are—and will continue to be—best served by the states. Regulators and legislators have accepted the challenge to make the [...]

By | August 14th, 2014|Comments Off on Isn’t this really just about states protecting their turf?

Why are the states’ modernization efforts taking so long?

Insurance regulation is a complex matter and any change to the process should not be undertaken without thorough review and analysis of the impact of change to the business, companies and agents, and also to the consumers and policyholders the industry serves. However, the states have established aggressive timelines in order to meet their modernization [...]

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What are states doing to keep insurance markets competitive with other financial services products, especially with regards to life insurance and annuities?

Insurers, especially in the life insurance and annuities market, increasingly face direct competition from products offered by other financial services entities. State insurance regulators have worked diligently over the past two years to identify the issues in this area and come up with possible solutions to reflect the new market realities. Regulators now believe that [...]

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How do regulators promote competitive markets?

The purpose of government supervision is to make sure the critical personal interests of consumers are not lost in the arena of commercial competition. Once the consumer protection responsibilities of government insurance regulators are satisfied, it is fair to ask how the system of regulation can be made most compatible with the demands of commercial [...]

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What are states doing to modernize insurance regulation?

States are committed to streamline and simplify state insurance regulation while continuing to protect consumers. The nation’s insurance commissioners announced their commitment to modernize the state system in specific areas by endorsing an action plan, the Statement of Intent—The Future of Insurance Regulation, which was adopted in March 2000. Working in their individual states and [...]

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What is Gramm-Leach-Bliley?

The Financial Modernization Act of 1999, also called Gramm-Leach-Bliley, established a comprehensive framework to permit affiliations among banks, securities firms and insurance companies. Gramm-Leach-Bliley once again acknowledged that states should regulate the business of insurance. However, Congress also called for state reforms to allow insurance companies to compete more effectively in the newly integrated financial [...]

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Why is insurance regulated?

Government regulation of insurance companies and agents began in the states more than 100 years ago for one overriding reason—to protect consumers. State regulators’ most important consumer protection is to assure that insurers remain solvent so they can meet their obligations to pay claims. States also supervise insurance sales and marketing practices and policy terms [...]

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What is the first priority of insurance regulators?

The fundamental purpose for government regulation of insurers and agents is to protect American consumers. Effective consumer protection that focuses on local needs is the hallmark of state insurance regulation. State regulators understand local and regional markets and the needs of consumers in these markets. State policymakers recognize that consumer protection as their highest job [...]

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What does proximate cause of loss mean?

Losses which are proximately caused by an insured peril under a named perils form or by an unexcluded cause under an "all-risks" form are covered from a "cause of loss" viewpoint. The proximate cause is the originating cause and if there is no intervening cause between the occurrence and the damage, then all damage is [...]

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What is the difference between a named peril and an all risk insurance policy?

In coverage analysis, the cause of loss under named peril coverage must be by a specifically described peril in the form. An "all-risks" policy, as described by a Florida court, "ordinarily covers every loss that may happen except by fraudulent acts of the insured, excepting losses within a specific exclusion; insured has the burden of [...]

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