Last week I had the privilege of teaching over 100 homeowners insurance claims adjusters and litigation professionals some lessons learned in my years of working with policyholders who had claims, most specifically hurricane claims. Much of my continuing education course outline includes material we all know as caring insurance professionals, and it was refreshing to …
Today marks the beginning of the final two weeks of legislative committee meetings leading to the start of the Florida Legislature’s 60-day session on Tuesday, January 9. We see that the Senate President is focusing on health care access, including addressing a potential shortage of doctors and nurses in the future. …
After another successful takeout period by state-backed Citizens Property Insurance and a resulting and welcoming drop in its policy count, some in Congress are now taking an interest in Citizens’ risk portfolio. They want to know how the nonprofit corporation is handling losses from the recent hurricanes, and whether it …
A new survey shows reinsurance prices in the upcoming renewal will be upwards of 30% more expensive than this year, catastrophe exposed commercial properties are expected to see the biggest reinsurance rate hikes, reinsurance prices are impacting homeowners insurance premiums and that’s now hurting Florida’s real estate market, plus the …
A dispute over a 2021 law that placed additional hurdles to filing lawsuits against property insurance companies might reach the Florida Supreme Court, an appeals court rules explosive damage is covered by property insurance, and a dispute between bankers and lawyers over interest paid on the lawyers’ …
A new bill that would allow monthly payments of NFIP premiums is floated by Florida Senator Rick Scott, Ft. Lauderdale shatters the annual rainfall record by nearly double, and a Chubb survey of insurance brokers finds a large lack of awareness of flood risk by middle-market commercial clients. It’s all …
A Florida attorney is sent to federal prison for swindling NFL players out of lawsuit payouts, a $21 million workers’ compensation fraud bust in the heart of Florida, and South Florida is coined the credit card scam capital of the US. It’s all in this week’s Fraud News.
NFL …
For the second year in a row, Florida has had the highest influx of newcomers of any state in the nation -cresting over 249,000 new inhabitants in 2022 alone. Many of these people moving south were looking for better weather and a break from state income tax, behavior that was exacerbated by the COVID pandemic. …
