Another carrier stops writing new business
Another Florida property insurance company has joined more than a dozen others in the last year who placed moratoriums on writing new business or left the state altogether. People’s Trust Insurance told insurance agencies …
Recap of Week 8 & Preview of Week 9 of Session
There is still more work to be done this last week of the Florida legislative session on two key remaining insurance measures – the Consumer Protections bill and the …
Happy Monday! There’s only one more week to go in the 2023 Session! Budget negotiations are continuing with only a few major issues outstanding. We are anticipating the budget to wrap-up today in time for the 72 hour cooling off …
South Florida homeowners under arrest
A Florida insurance agent is sentenced to 14 years in prison for diverting premiums for his personal use, a Miami homeowner gets caught for allegedly claiming old damage on an insurance claim, and why a …
Recap of Week 7 & Preview of Week 8 of Session
As we enter the final two weeks of the Florida Legislature’s regular session, all eyes are on the budget. We are still listening to the market, we are still …
Plus, another condo building evacuation
Florida asks for a federal disaster declaration for the Ft. Lauderdale flooding, another condominium building deemed structurally unsafe is ordered evacuated, and a sneak peek at the forecast for the upcoming Atlantic hurricane season. It’s …
Commissioner Yaworsky acknowledges reinsurance dilemma
Florida’s property insurance market posts another year of $1 billion-plus losses, the insurance commissioner weighs-in on the reinsurance scarcity challenge, while consumers look for ways to reduce coverage and price. It’s all in this week’s …
I follow several Florida insurance agents and their dedication to their customers and the overall insurance market. One of these agent leaders is Jake Holehouse whose dad was an icon in the industry. I have known Jake since he was …
Plus, an AOB claim ruling
The co-owners of a Ft. Myers roofing company have pled guilty to a $1.4 million tax evasion, DFS announces five arrests in a $1.3 million insurance fraud scheme, plus the latest legal ruling on Assignment …
Recap of Week 6 & Preview of Week 7 of Session
Insurance and related bills continue to see steady progress in the Florida Legislature, as we enter the last three scheduled weeks of the session. The House and Senate bills …