As we pause to reflect during this Women’s History Month, it’s no secret women-owned businesses are an unstoppable driving force in economic growth. My own local newspaper reported that prior to the pandemic, women-owned businesses represented 42% of all businesses. Over the past five years the number of women-owned businesses increased by 21%, while all …
One doesn’t have to be an accountant to understand that red means danger and in this Florida Domestic Property Insurers Summary of 2020 Year-End Financial Results it means a financially dangerous trend. Net Underwriting Losses by those companies from S&P Global Market Intelligence totals nearly $1.6 billion. But those figures don’t …
Property insurance reforms, including combating insurance fraud, continue to make good progress in the Florida Legislature as we enter the third week of the nine-week session. Lawmakers are also mindful of the next state budget they must pass for the new fiscal year July …
I had the privilege last week of speaking to the Florida Housing Coalition, a group of stakeholders involved in workforce housing across the state. Developers, Realtors®, landowners, and many others listened and discussed the sad state of our property insurance market and they asked some very insightful questions. We talked …
About the time you open this week’s newsletter, the Citizens Property Insurance Corporation rate hearing will begin. Of note in the rate filing details is a proposal by Senator Jeff Brandes and approved by the Citizens Board to allow the “insurer of last resort” to charge the “right” rate …
The Fourth District Court of Appeal recently addressed the issue of whether a release attached to a Proposal for Settlement (PFS) rendered an insurer’s motion for attorney’s fees unenforceable. In this case, the insured sued the insurer due to water loss seeking $58,601.35 in damages. The insured …
While COVID-19 shut down business and other activities, it didn’t slow the growth of lawsuits in Florida, with clerks reporting a huge influx of new cases and a growing million case backlog, as most courts remain closed to civil jury trials. Meanwhile, there’s a new coronavirus immunity model act …
Training camps for the “boys of summer” are back as pitchers and catchers began reporting late last month to Major League Baseball (MLB) spring training sites in Florida and inter-team play is now fully underway.
If the Tampa Bay Buccaneers Super Bowl didn’t bring enough signs of a return to normalcy, many are hoping that …
