Admitted & surplus lines in flux
An increase in costly litigation is one of the drivers leading to a contraction of Florida’s property insurance market, especially among domestic (Florida-based) carriers. That’s especially true in South Florida, where admitted carriers have …
Citizens’ repopulation concerns
Leadership of Citizens Property Insurance Corporation, the state’s insurer of last resort, are expressing concerns that the Surfside Tower collapse could have a series of negative consequences on the Florida marketplace and lead to an unwelcome repopulation …
Legislature amassing $Billion+ Recovery Packages
Insured losses from Hurricane Michael are growing at a faster rate, with a nearly $200 million increase in the first half of March, double each of the previous 15-day reporting periods since the beginning of …