Earlier this month, the National Association of Insurance Commissioners (NAIC) announced a countrywide coordinated effort known as the National Climate Resiliency Strategy for Insurance to help fortify state insurance markets and streamline data …
Further positive indications that Florida’s property insurance market is stabilizing, stable pricing but questionable availability of reinsurance for the upcoming hurricane season, confusion over the average homeowners premium, Citizens Insurance reports fewer claims lawsuits yet …
A Florida property insurance company says it will be able to lower rates for some of its customers, an incoming company to the Florida market warns that restricting cancellations will deter other carriers from writing …
This week a hearing was held in both the U.S. House Financial Services Committee and the U.S. Senate Committee on Banking, Housing, and Urban Affairs to discuss key insurance issues and lawmakers’ oversight of the Financial …
The very latest on Hurricane Idalia and Ian claims, how natural catastrophes are on track to set another record this year, the impact of those natural disasters on …
A new report by regulators shows that the Florida property insurance market in the first quarter of 2023 had net positive income for the first time in seven years with net underwriting losses also encouraging. …
We also have updated insured damage estimates from Hurricane Ian to share with you, as well as some surprising new claims data from last November’s Hurricane Nicole. The Florida Office of Insurance Regulation (OIR) recently …
