Greater clarity came this week from the National Association of Insurance Commissioners (NAIC) via Florida Commissioner David Altmaier: Florida has 8% of all homeowners’ claims in the U.S., yet 76% of all homeowners’ claims lawsuits. Boom.
In a letter to …
The city of Miami is about to receive the newest addition to its iconic skyline: the Waldorf Astoria Residences Miami. Upon completion, this striking luxurious skyscraper will overlook Biscayne Bay and stand more than 1,000 feet as Florida’s tallest building. …
Nearly 1.4 million Floridians will pay more
FEMA last week rolled-out specifics on its new Risk Rating 2.0 flood insurance rates in the wake of renewed criticism by some congressional leaders that it lacks authority to do so and that …
Recap of Week 5 & Preview of Week 6 of Session
We are now officially past the halfway point of the Florida legislative session, with another four weeks to go in this session that’s scheduled to end on April 30. …
Receivership, Hurricane Warning, & Codes
A very small property insurance writer in Florida is heading into receivership with state regulators, an early forecast warning for this year’s hurricane season, and perhaps an end to anonymous tips on code-enforcement violations. It’s …
Many of you love to write like we do and consider writing a life-long passion. As an ardent advocate for good public policy in the insurance arena and other industries, writing allows me to gather thoughts and introduce them to …
Live trees now on the menu
Last week, we reported on a new invasive species of fish in Florida’s waterways. Now we are sharing about an old threat with a new twist – one that impacts homeowners and insurance interests: …
Valuations growing
We’ve been following and sharing news of the big increase in residential real estate sales in many Florida communities over the past year and with it, the overall growth in prices. As home values grow, so does the …
By Tom Diana, Esq.
Once again, Florida’s 4th District Court of Appeals (“DCA”) has allowed litigants to file bad faith lawsuits after an insurer covers a claim and timely pays the full amount of an appraisal award. This time, …
Two agents share consumers’ experience
I had the pleasure of sitting down last week with two veteran insurance agents on the frontline of Florida’s topsy-turvy property insurance market. They revealed the hidden consequences that higher insurance premiums are having on …