On Saturday afternoon I ran into the coffee shop for a “jolt” and struck up a conversation with “Wayne.” Wayne was almost 80, had 7 children, 20 grandchildren and 3 great grandkids. He has had a colorful, productive life working in all the construction trades from plumbing to roofing to drywall. I asked him what …
Three more property insurance companies announced last week they will no longer write new Florida homeowners insurance policies until further notice. That brings to seven the number of companies in the past few months that are closed to new business and/or renewals. The reason? Overwhelming costs – of claims, increased litigation, and …
With three weeks left in the scheduled Florida legislative session, property reform bills are now in their last Senate committee meetings but where is the House on reform? Time is running out. The Senate bills are “stacking up” as we say, awaiting either the …
In another ominous sign that the consumer insurance protections in last year’s SB 76 aren’t enough, insurance litigation is back on the rise in a big way. CaseGlide reports that the 17 largest property & casualty insurance carriers in Florida saw a 37% increase in new litigation filed in January, amounting to …
The latest sea level rise estimates are out from NOAA and they don’t look good, especially along Florida’s Gulf Coast; Miami-Dade County is contemplating a new minimum height for buildings and roads; and how this current period of more severe weather could push flood losses in the U.S. to $40 billion …
