This week, we saw two incredible stories about how we will travel now and in the future. Most of you who are our faithful readers drive or fly for business travel but in Florida we now have a 170-mile extension of high speed rail’s originating 67-mile long segment. The days of cars or planes as …
A year after the torrential rains and terrible winds of Hurricane Ian made landfall near Fort Myers, there is still healing to be done. For many of the communities along the southwest Florida coast, the rebuilding process is a slow realization of the actual damage, with vacant city squares echoing …
There was just a passing reference to Hurricane Ian during a congressional hearing last week in which FEMA Administrator Deanne Criswell was called to testify about FEMA’s disaster fund running out of money and the costs of federal flood insurance. Meanwhile, lawmakers are looking to sever FEMA from …
As insured losses grow from the recent Hurricane Idalia, a new report shows that agricultural losses may end up being the largest of all categories. With homeowners insurance premiums continuing to rise, more Floridians are choosing self-insurance, while new rules move forward to tighten claims handling and other policy procedures. It’s …
As the state-backed Citizens Property Insurance Corporation awaits a formal decision by regulators on its revamped 11.5% homeowners insurance rate hike request, its efforts to shed policies to the private market is succeeding with only three out of 10 policies. There is however, continued welcome news of reduced …
The Governor and Cabinet have approved plans to offer a new line of health insurance for Florida – paid family leave insurance – at the same time they expanded maternity and family leave for state employees. Plus, the state is moving forward with new rules to implement one of the …
Florida’s ranking as first in the country in the number of property insurance lawsuits has now expanded to the top spot in overall litigation. A new report shows how bad it is, even as new efforts are announced by Congress and at least one court to crack down on third-party litigation …
Insurance as an institution is centuries old, the joint-risk concept going back past the medieval era, and today is experiencing disruption and change like none we’ve seen across global sectors in the last hundred years. The gradual introduction of Artificial Intelligence (AI) into underwriting, assessing risk, and detecting fraud at the consumer and insurance agency …
