Happy New Year to you! We start this first edition of 2023 with a fond farewell to Citizens President, CEO, and Executive Director Barry Gilway, who announced just before Christmas that he will be retiring. While he will likely stick around for most of this year as a special consultant to Citizens, his announcement should …
Reaction has been very favorable to the comprehensive property insurance market reforms passed by the Florida Legislature in its special session last month. Comments such as “profound” and “historic” and “will really unlock consumer choice,” and “will help to eventually lower rates,” have been made. We’ve created this Key …
Right after the December special session, I sat down with three insurance industry veterans, including Citizens’ Barry Gilway, to discuss their take on Florida’s big property insurance market reforms and their expectations of its impact. The reforms are designed to stem high insurance and reinsurance rates, carrier insolvencies, inflated claims, excessive …
The Florida Legislature this past week began the first of six staggered weeks of legislative committee meetings leading to the start of the formal regular 60-day session on March 7. It coincided with Governor DeSantis’ inauguration and address before a crowd of 3,000 on the steps of the old …
The Florida plaintiff attorney who became the infamous poster child for excessive property insurance litigation in recent years has been disbarred from the practice of law. The Florida Supreme Court issued its order in late December, finding that Scot Strems through his Strems Law Firm (SLF) of Coral Gables …
Estimated insured losses from Hurricane Ian rose another $2.5 billion in the first 21 days of December, and losses from Hurricane Nicole another $20 million in the first 10 days of the month as recovery efforts continue. Governor DeSantis last week extended the Nicole disaster declaration for another 60 days because impacted …
The search is expected to begin later this month for a new Florida insurance commissioner following the resignation of David Altmaier along with his two deputy commissioners, there’s a new report on Florida insurance companies’ policy numbers, and the state’s Citizens Property Insurance Corporation is embarking on a new method …
The holidays are a time to gather around family and hold them tight – and that includes our fur babies of all species! As we’ve done in years past, my family and I hosted a holiday party last month to express our appreciation to friends and colleagues and to collect their donations of much-needed food …
