Upcoming conference, NCOIL update
Hurricane Isaias two weeks ago caused significant flooding in Pennsylvania and with it, stories of homeowners caught off-guard and without flood insurance to cover the damage. A new national survey shows residents significantly underestimate their exposure …
Conflict over future BI policy wording
There are new developments to report on the Business Interruption (BI) insurance front – some positive and some discouraging for insurance interests – as well as efforts to protect businesses from being unduly sued …
Bar files response
The Florida Bar has filed its response with the state Supreme Court on why the referee’s recommendation upholding plaintiff insurance attorney Scot Strems’ suspension should be approved. It also specifically responds to Strems’ filed arguments why it …
Dark clouds on financial filings
The second quarter financials from insurance companies doing business in Florida were due this past Friday to the Florida Office of Insurance Regulation (OIR) and we are awaiting a cumulative report on underwriting gains/losses. The …
I turned 60 this year. I recall my younger days when I would ride my bike for 30 miles and never break a sweat. And oh how my knees were like well-oiled hinges. As I have aged, I can tell …
We’ve had an ongoing discussion in these pages about how remote work, brought about by the coronavirus, is changing our lives. Now there’s a new study that shows most folks in the market for a new home – 63% – …
Too many consumers confused
One of the biggest misconceptions homeowners have is that their homeowners insurance covers them for flooding. We hear their tragic stories regularly after major flood events. There’s a new survey out that quantifies widespread confusion on …
Florida’s challenge
I had the pleasure of sitting down recently to talk with two flood experts on the growing problem of urban flooding and what mitigation approaches are being tried – and working – here in Florida and in Texas. …
Strems files response
Plaintiff insurance attorney Scot Strems’ legal team filed three items with the Florida Supreme Court on July 30, the deadline to show cause why the referee’s recommendation upholding his suspension order should not be approved. His response…
Standby for more rate increases
Two sister, Florida-based property insurance companies are seeking double-digit homeowners insurance rate increases, continuing the trend we’ve talked about here that is a symptom of our state’s property insurance market woes.
Southern Fidelity Insurance Company …