Plus, the latest Florida market numbers
Citizens Property Insurance denies it’s denying a large number of recent hurricane claims, fresh insight and data debunks charges of a Florida insurance industry in a state of collapse, the latest on actual hurricane …
Insurance 101 + basic math
Citizens Property Insurance Corporation is defending its treatment of hurricane claims, in the wake of a newspaper article that the state-backed insurer of last resort didn’t pay more than half of its 2023 claims, more …
Plus, depopulation, condo questions, wildfire dangers
Citizens Property Insurance is trying to find ways to help its policyholders with Hurricane Helene flood claims, nearly 90% of depopulation offers to Citizens this month qualify for removing policies, condo questions and answers, …
Florida’s strengthening property insurance market
Florida’s insurance commissioner releases another positive update on the property insurance market, insurance-linked securities are on pace to set a record, a new bill in Congress would provide tax deductions on homeowners insurance, plus the …
Citizens explains its private market non-competitiveness
Florida’s Hurricane Catastrophe Fund is poised to borrow lots more money when the next big storm hits, Citizens Property Insurance is moving closer to non-competitiveness with the private market and actuarial soundness, and the …
Plus, lightning taking an increasing toll
Providing consumers understandable answers about Florida’s challenging property insurance market, another insurance company seeks a double-digit increase, the growing policy assumption rate by private carriers in Citizens Insurance depopulation, plus an ominous weather distinction …
Plus, Citizens’ ongoing depopulation
The Florida Hurricane Catastrophe Fund is borrowing billions in preparation for the next big storm, the reinsurance industry says a federal cat fund backstop is unnecessary coming off a profitable year, plus the latest on Citizens …
Fears of foreclosure, reinsurance costs, lawmaker investors
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 …
Hope for a lower policy count by year-end
In an effort to improve the health and competitiveness of Florida’s property insurance market, regulators last week approved another transfer of policies from state-backed Citizens Property Insurance Corporation to private market carriers. …