I closely watched Florida legislative leaders at the November19 organizational session and besides property insurance being top of mind, workforce housing and affordable shelter were also hot topics. The legislature last year passed the “Live Local Act” to encourage more affordable housing. One legislator talked with me about Elon Musk’s idea and sent me the …
The Florida Legislature met at the Capitol last week for its organization session with many newly-elected members. The state’s property insurance market was a prominent theme in speeches by the two new leaders of the Florida Senate and House, who said afterward that any further condominium reform will wait until the …
Citizens Property Insurance Corporation is defending its treatment of hurricane claims, in the wake of a newspaper article that the state-backed insurer of last resort didn’t pay more than half of its 2023 claims, more than any private insurance company in the state last year. The Tampa Bay Times reported…
FEMA strikes Fort Myers Beach flood discounts, Florida’s litigated insurance claims are down rather dramatically so far this year, third-party litigation funding emerges as a multi-billion-dollar industry, and Florida’s insurance commissioner orders a 1% reduction in workers’ comp insurance rates. It’s all in this week’s Property Insurance News.…
FEMA had a busy and challenging week last week. First, further fallout from reports of political discrimination against storm victims in Hurricane Milton, and then FEMA administrator Deanne Criswell broke the news that the agency is down to just $5 billion in disaster funding after the catastrophic damage from …
While legislation in the wake of disasters always commands attention, we can’t forget the human cost in the meantime. Many individuals affected by Hurricanes Helene and Milton are still waiting for their happy ending, and for Hillsborough and Pinellas counties, that means thousands of businesses and homeowners with lives left stranded. Florida’s West Coast undoubtedly …
