This is the Newsletter Story post type
There’s general agreement that excessive litigation and contractor fraud have been driving factors in Florida’s property insurance market peril. State insurance regulators, the Florida Supreme Court, and the Insurance Information Institute have attempted to get …
The ratings discussion has been settled for now in Florida’s property insurance market and we also received some welcome clarification on what type and how many bad storms our carriers can financially weather …
Many of you are road warriors. Traveling is a necessary part of your job and as such, we travelers are experiencing a new normal in the air and on the road. One such experience last week struck me and I …
For his acts of kindness in service of Gold Star Families, Miami Resident David Kim was named ‘Veteran of the Year’ by the annual Military Times Service Members of the Year program at its award ceremony on July 12. The …
Florida emergency management teams are in flood-ravaged Eastern Kentucky to help with the ongoing response; FEMA’s $1 billion resiliency and flood mitigation funding program has received applications totaling four times that amount; and Florida is getting …
Florida’s Third District Court of Appeal has ruled in another case regarding untimely claims that you can’t put the cart before the horse – in this case, a court can’t compel appraisal without first …
In Florida, providing late notice of a claim can result in a rebuttal presumption of prejudice against the policyholder, requiring an insured to establish that a carrier has not, in fact, been prejudiced …
One of the keys to reforming Florida’s homeowners property insurance market is tackling the growing fraud by a small but determined number of contractors. State regulators report that a recent boost in the number of …
The biggest concern recently explained by regulators about Florida insurance company rating downgrades has been the effect they may have on tens of thousands of federally-backed home mortgages in Florida, which require insurance companies be …
What a tumultuous two weeks it’s been for Florida’s property insurance market. While it reportedly reaffirmed “A” ratings for a majority of Florida’s domestic insurance companies, ratings agency Demotech downgraded three companies and pulled ratings altogether …
