A dire warning from a South Florida county commissioner on an impending condominium foreclosure crisis due in part to ever-rising insurance costs, how to stop the “rollercoaster ride” of reinsurance pricing, and Citizens …
The first major takeout of Citizens Insurance policies in three years, the wait for a new reinsurance lifeline for Florida insurance companies, a strict interpretation of AOB cancellation provisions, plus Citizens reveals required flood insurance counts …
Right after the December special session, I sat down with three insurance industry veterans, including Citizens’ Barry Gilway, to discuss their take on Florida’s big property insurance market reforms and their expectations of its impact. The …
Reaction has been very favorable to the comprehensive property insurance market reforms passed by the Florida Legislature in its special session last month. Comments such as “profound” and “historic” and “will really unlock consumer …
Happy New Year to you! We start this first edition of 2023 with a fond farewell to Citizens President, CEO, and Executive Director Barry Gilway, who announced just before Christmas that he will be retiring. While he will likely stick …
The Florida Legislature ended its special session this afternoon (December 14, 2022) passing a package of reforms addressing the dire escalating issues in our property insurance market and providing economic …
Fresh off the elections, the new Florida Legislature is back at the state Capitol tomorrow for its organizational meeting to swear-in new members and leaders. The one-day session is largely ceremonial. Republicans now have a …
Just a few days before Hurricane Ian struck, the sixth Florida homeowners insurance company this year was declared insolvent by regulators. Meanwhile Richie Kidwell and his Air Quality Assessors lose another AOB case in court, while …
As the Citizens Property Insurance policy count accelerates at an even greater rate, there’s new skepticism on whether raising its coverage cap is such a good idea. Meanwhile an upcoming report suggests Citizens …
The list of property insurance companies trying to reduce their exposure in writing Florida homeowners policies continues to grow. Other carriers are looking for ways to reduce their litigation claim costs as regulators try to better quantify …
