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Another of our best managers leaves the corporate world behind and takes a new step in her career path now as a business owner. Welcome to the Del Toro family.
One of our best managers leaves the corporation world behind and takes a new step in her career path now as a business owner. Welcome to the Del Toro Family.
We are proud to see how this family has chosen to join our Distinctive Franchise System as a life project. We're here to support you every step of the way to success. Welcome to the Del Toro Insurance Family.
One of our Managers at Del Toro Insurance has just joined to our Distinctive Franchise System becoming in the owner of her own business !!! Congratulations on this great partnership!!.
A Friday 12th of wonderful news!! A new franchisee joined our Distinctive Franchise System. The Chilean Community Welcome to the Del Toro family!.
On the eve of July 4, what better news than continuing to expand our Distinctive Franchise System in West Palm Beach. Welcome to the Del Toro family.
Second new franchisee of this blessed Tuesday, join our Distinctive Franchise System. Welcome to the Del Toro family.
Another new franchisee has joined right now to our Distinctive Franchise System. Welcome to the Del Toro family.
Just a few minutes ago, a new franchisee joined our Distinctive Franchise System. The Ecuadorian community welcomes the Del Toro family.
The family continues to grow, minutes ago other new franchisees have just joined our Distinctive Franchise System. Welcome to Del Toro family.
Today, as part of our participation in the Annual Convention of the Florida Association of Insurance Agents (FAIA) held in Orlando, Del Toro Insurance held a seminar this morning to promote the growth of the insurance industry through franchises. Entrepreneurs and business owners participated in the event.
Taking a big step and adding new services, two entrepreneurial businesswomen join our family. Welcome Gordon & Oropeza to Del Toro Insurance family.
Del Toro Insurance
Fomentando el camino hacia la industria de los seguros
América TV captó todo lo que fue el fórum y la celebración de los 25 años de Del Toro Insurance. Con Del Toro Insurance tienes todo lo que necesitas para estar bien asegurado y además crecer profesionalmente con tu propia franquicia. Si eres emprendedor y quieres asegurar tu futuro empresarial con una marca consolidada!! Esta es tu oportunidad, completa el formulario y uno de nuestros agentes se estará comunicando contigo con todas las dudas que tengas para emprender tu negocio.
Annual Convention of the FAIA
June, 2024
As part of our participation in the 2024 Convention of the Florida Association of Insurance Agents FAIA held in Orlando, Del Toro Insurance held a seminar to promote the growth of the insurance industry through franchises. Entrepreneurs and business owners participated in the event.
Del Toro Insurance 25th Anniversary
Del Toro is a family business and that has defined much of the path it has traveled to this day. The main reason for starting out in this industry has been to contribute to a community that needs us and with which we feel an eternal commitment. Growth would not have been possible without the support and permanent exchange with our community whom we have tried to serve with immense respect.
On the other hand, we have tried to provide a service that is also deeply rooted in family values because we consider that targeting the well-being of families in a society that is transforming day by day is essential. We have simply delivered transparency, honesty, trust and loyalty, which I believe have really been the key to being able to treasure the preference of our clients over the years.
Time really passes very quickly. We began our journey in a small office located in the west of the county. Today we are a solid company with a commercial presence throughout the state of Florida and an increasingly large group of franchisees who have opted to be part of the Del Toro family, making our business model their own. To our pride, the vast majority have been families that have turned to entrepreneurship and that, today, replicate those values of transparency, honesty, trust and loyalty to their clients.
Aug 16, 2023
Homeowners throughout Florida are struggling with the reality that insurance costs have as much as tripled over the last few years. In addition, insurance companies are now canceling policies and pulling out of the state, leading to a loss of options for homeowners.
Helping homeowners in Hialeah Gardens, Margate, Homestead, Palmetto Bay, Cutler Bay, Hialeah Gardens, North Miami Beach, Coral Gables, Hialeah, Naples, and Miami, FL, to understand their insurance options is our specialization at Del Toro Insurance. We can help you to find insurance companies if you were left with a cancellation due to Farmers Insurance leaving Florida.
Fewer insurance companies to shop is a major blow to homeowners in the Sunshine State. Farmers is the fourth major insurance company to leave Florida. The other three major insurance providers out of the state include Lexington Insurance, which is a part of AIG, Bankers Insurance, and Centauri Insurance. Farmers Insurance reports they will not renew policies for 100,000 homeowners, and no new policies will be written in the state. However, subsidiaries of Farmers, namely Bristol West, Farmers GroupSelect, and Foremost Signature, will continue to provide insurance in the area.
In addition to these larger insurance providers, fourteen additional insurance companies are in liquidation. This creates a decrease in the number of options for homeowners to consider. Those insurance companies still operating in the state are increasing their rates, leading to challenges for homeowners to find affordable coverage.
Farmers Insurance, like the other insurance companies leaving Florida, has very specific reasons for their decision. These reasons all come down to the large payouts over the last few years combined with the increased cost of litigation in the state.
Florida is particularly vulnerable to flooding damage from hurricanes due to its elevation. With the large coastal area and the major cities and population areas on these coasts, the risk of high insurance payouts during storms is a driving factor.
The change in the weather is linked to climate change. Water levels are rising, which adds to the risk of flooding. United Property and Casualty, an insurance company currently in liquidation, reported that of the 292 hurricanes that occurred in the USA between 1851 and 2018, 120 impacted Florida, with thirty-seven identified as Category 3 or higher storms.
Last year, Hurricane Ian resulted in $114 billion in damage adjusted for inflation. This is the third most costly storm ever recorded in the United States.
Despite some positive changes for insurance companies around what is seen as insurance litigation abuse, the number of cases filed is also a significant factor in the decision to pull out of the state.
While laws were passed in January of 2023 to limit these types of legal actions, approximately 300,000 cases were filed prior to the law going into effect, leaving insurance companies fighting these cases for potentially years into the future. The number of cases dramatically impacts the smaller companies, but it also has an impact on national insurance companies like Farmers Insurance.
If you need homeowners’ coverage, contact our team at Del Toro Insurance. We are available online or give us a call at (305) 335-8676 to speak to an insurance agent today.
Farmers Insurance and other insurance companies report high costs of homeowners’ insurance lawsuits, increasing severity of storms, and increasing payouts after storms as the reasons for leaving the state.
The team at Del Toro Insurance is here to help homeowners find alternative insurance coverage for their homes.
Under Florida law, homeowners have 120 days to find new coverage. Our insurance agents at Del Toro Insurance are here to help.
The increasing frequency and cost of storm damage combined with the highest homeowners insurance litigation rate in the USA has caused Farmer’s Insurance and other providers to leave the state. Last year’s costly payout after Hurricane Ian and uncertainty about this year’s hurricane season added to the concerns.
Individuals in Florida are bracing for a potentially significant increase in their
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