Consumers suffering consequences
Three more insurance companies went before Florida regulators last week seeking rate increases from 23% to 49%, citing in part the growing frequency and severity of claims litigation which is driving up costs for all Florida property …
The road to reform
The compromise reached between House and Senate leaders just prior to this week’s special session seemed doubtful at times and was certainly a product of pressure put on by industry leaders and other stakeholders, an increasingly …
Special Session on Property Insurance
The Florida Legislature this morning begins its week-long special session focused entirely on addressing the dire escalating issues in our property insurance market. Initially sparked by laser-focused Senator Jeff Brandes and formally called by Governor …
Mother Nature paid an unusual visit last week to Gaylord, Michigan, a town of 4,200 residents about 230 miles northwest of Detroit. In fact, northern Michigan has rarely seen a tornado event like the one that hit this small town …
Due to our lifelong fascination with all boundary-breaking innovation done here in Florida (it seems to have become a trend), we are back to share yet another SpaceX story. This time: Space Jellyfish. Unfortunately, Elon Musk has not actually come …
Concern & accolades
Florida home prices and rents continue to grow faster than the rest of the nation with new concerns they may be overvalued, while two Florida counties have the fastest growing populations in America. Plus Florida is taking …
Statewide & Florida Keys efforts
Florida now has a permanent statewide resilience office to address flooding and sea-level rise, while the state has cleared the way for Monroe County to better coordinate flood resiliency in the Florida Keys, plus how …
Insurance companies retrenching
The Florida Legislature in its regular session earlier this year also failed to reach agreement on high-rise building re-inspections and condominium association reform following last year’s collapse of the Champlain Towers South condo in Surfside that killed …
Plaintiff attorney glib
Florida’s property insurance market turmoil has seen homeowners suffering big rate increases, with some losing their coverage, while a growing number of insurance companies are going insolvent or reducing or eliminating their policy-writing in the state. The …
A real estate and insurance agent weigh-in
I sat down recently with a long-time insurance agency executive and a top real estate agency owner who shared their ideas on which reforms would be most effective for lawmakers to achieve in …