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As you’ll read in this newsletter, this past week was very interesting and eventful on the Florida legislative and regulatory front, and this new week promises to hold its own intrigue. Last Monday, the Governor released his proposed budget for …
In our great Sunshine State, snowfall is almost unheard of – but almost 10” of snow is completely unprecedented. Yet that’s exactly what happened when record snowfall touched down across the Florida panhandle early last week, leaving residents stunned and …
FEMA and the DRCA sign a landmark agreement to strengthen national recovery efforts in catastrophes, a new report is out on homeowners’ attitudes on catastrophic weather events, and the IRS extends the tax …
A new report from the Consumer Financial Protection Bureau finds many properties may be underinsured in non-coastal flood zones, FEMA’s maps may be lulling homeowners into a false sense of security, and …
The California wildfires could negatively impact homeowners insurance rates in Florida this year, Gallagher Re warns of a “new normal” for annual insured losses from catastrophes, plus the big pushback from the insurance …
With five weeks to go before the start of the regular 60-day Florida legislative session, some insurance bills are now being filed. One would further restrict bad-faith claims and public adjuster conduct, another would increase policyholder …
The Florida House of Representatives and Senate will convene at 10:30am today (January 27) for a special session called by the Governor. The question around the Capitol for the past two weeks has been will they or won’t they take …
One of the elements credited in the evolving success of Florida’s recent property insurance reforms is data collection and reporting. Property insurance companies are required to provide regulators with specific data on litigated claims. The number …
One of the issues the Florida Legislature will take up in its upcoming March 4 session is what to do about condominiums. Specifically, whether to adjust its previously approved law requiring building inspections and reserve studies in …
Months after Hurricanes Helene and Milton, the impact of the storms is still being felt all across Florida. A recent analysis from Munich Re found that Hurricane Milton caused the largest insured losses from any …
