Plus, new rules and ideas for change
Florida homeowners insurance rate hikes are outpacing any in the nation, how actual cash value roof policies could lower premiums, the new insurer accountability act is now law, regulators release the new catastrophe …
As it seeks maximum rate hike, takeouts
The 2022 Florida insurance marketplace reforms are having the desired effect for Citizens Property Insurance, with “significant shifts” reported in litigation. Meanwhile, the state-backed carrier went before regulators at a public hearing last …
Focus now turns to storm claims preparation
When LMA asked many of Florida’s stakeholders about this year’s reinsurance purchase for hurricane season, the sentiment was that the negotiations started out rocky and the finish was expensive, with the 2023 reinsurance …
Includes first-ever post
Florida Insurance Commissioner Michael Yaworsky has announced the appointment of Sheryl Parker as the Florida Office of Insurance Regulation’s (OIR) first Deputy Commissioner of Market Regulation and Virginia Christy as OIR’s Deputy Commissioner of Property and Casualty. …
I attended the Washington, DC National Flood Conference with over 1,000 friends and colleagues. Everyone is talking about flood and warning homeowners that water will rise no matter where you live. At the conference, panelists talked about the fact that …
As a post-legislative session treat, we made the journey to Nova Scotia in Canada. It was a wonderful excursion to give us a taste of the Maritimes and left us wanting to return to see the rest of this beautiful …
Plus lawyer ad bans, county health rankings
More than a quarter of a million Floridians have lost Medicaid benefits now that the coronavirus pandemic is over, new restrictions on attorney advertising on healthcare issues, and a new report on how …
Plus rulings on mold, AOBs, and sabotage
A Florida appellate court confirms that presuit notices do apply retroactively, while another court rules that contractors can’t use a generic price list in place of a bona fide estimate, a South Florida …
Big increases for the most risky homes
In our last newsletter we reported that FEMA had just released more data on the National Flood Insurance Program’s (NFIP) Risk Rating 2.0: Equity in Action, its new model for better pricing …
Plus, new licensing rules
The insurer accountability bill will soon move to the rule-making realm, investigators arrest an unlicensed hurricane contractor and a public adjuster on fraud charges, new rules are now in effect for emergency adjuster licenses, and just …