For Easter Sunday, we had a house full of legislative folks, regulatory experts and others who were debating all things Florida property insurance. One side of the room (figuratively) said that those who regulate insurance companies should do so with a heavy hand and in essence dictate many of the companies’ practices so that consumers …
The Florida House has now joined the Senate in offering up its own bill titled “Insurer Accountability.” The measures are intended to increase accountability and transparency of insurance companies with regulators and consumers. The Senate bill, SB 7052 had its first committee hearing last …
The rush of lawsuits filed in Florida courts to beat the effective date of the new tort reform law has one South Florida court considering staying all new cases, two more Florida property insurance companies seek double-digit rate increases as reinsurance rates remain high and coverage limited, …
Hurricane Ian has officially become the costliest Florida hurricane ever, causing twice as much damage as Hurricane Andrew did 30 years ago. That’s part of the findings in the National Hurricane Center’s Tropical Cyclone Report for Hurricane Ian released last week. Ian caused an estimated $109.5 billion in damage in …
NOAA is extending one of its hurricane forecasts for the upcoming season, new money is on its way to local governments saddled with Hurricane Ian cleanup costs, and a new report voices lingering concerns about the safety of oil drilling in the Gulf of Mexico. It’s all in …
