Florida is fortunate to have an engaged Insurance Consumer Advocate and leader in Tasha Carter. She is known for her tremendous work ethic, common sense, and accessibility even during COVID when most state offices were closed. I have worked with Tasha over a decade and her focus is clear in that she always puts the …
Another person who really knows about Florida’s property insurance market is Joe Petrelli. He’s President and Co-Founder of Demotech, a financial analysis and actuarial services firm that rates 42 insurance carriers that focus on Florida’s residential market. These “domestics” as they’re known, write about two-thirds of all residential property insurance …
So what of these concerns that fraud, excessive litigation, and growing reinsurance costs are causing market contraction among property insurance companies and forcing more homeowners into Citizens Property Insurance Corporation, the state’s taxpayer-backed “insurer of last resort?” Simply put, it’s true – and the concern justified. And this past week, …
The 2021 Legislature officially started on last Tuesday, March 2 with a much smaller number of onlookers because of continued COVID concerns. House and Senate members are battling the virus either through being struck with it or soldiering on with their colleagues being absent …
In February, the US District Court for the Southern District of Florida addressed the issue of an insured’s duty to comply with post-loss conditions even after a demand for appraisal is made.
In Treasure Cay Condominium Assoc. v Frontline Ins. Unltd. Co., Case no 4:19-10211-CV-King, the court determined …
The coronavirus pandemic and the resulting economic readjustment is creating another boon for Florida real estate. Brokers, especially in South Florida, report a big increase in out-of-state inquiries over the winter – a continuation of a trend that started early last summer. At the same time, the supply of …
The pandemic has also changed the face of work for those of us in the insurance business. A new report on the state of the independent insurance workforce is showing how the pandemic changed the nature of work in the industry, what insurance professionals value about their work, and what independent …
When the COVID-19 pandemic took hold in early 2020 and people shifted to living their lives totally from home, videoconferencing quickly became a primary mode of communication. Suddenly, hundreds of millions of people were spending most of their work day sitting in front of a screen, watching an array of faces staring back at them, …
