As we’ve reported in this newsletter, a multi-bill effort led by attorney lawmakers in the Florida House of Representatives this session would roll-back many property insurance litigation reforms passed in the 2022-2023 legislative session. You …
Many readers said they saw me on television during this past Friday’s (March 14) 8am meeting of the Florida House Insurance and Banking Subcommittee. I intentionally sat in that chair not to be on camera but …
Another Florida property insurance company has decided not to renew thousands of policies, a public adjuster accused of repeatedly violating the state insurance code may lose his license, plus why we’re watching a potential special session …
The search is expected to begin later this month for a new Florida insurance commissioner following the resignation of David Altmaier along with his two deputy commissioners, there’s a new report on Florida insurance companies’ …
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 …
The Restoration Association of Florida loses the second of its three lawsuits in state court that tried to overturn the legislature’s past insurance consumer protections, one company reports Assignment of Benefits (AOB) lawsuits are up 100%, and veteran …
State regulators have approved an extension of a special assessment on Florida property insurance policyholders, while they consider loosening rules on Citizens Insurance coverage. Meanwhile, the insurance commissioner says litigation against companies is …
The biggest concern recently explained by regulators about Florida insurance company rating downgrades has been the effect they may have on tens of thousands of federally-backed home mortgages in Florida, which require insurance companies be …
What a tumultuous two weeks it’s been for Florida’s property insurance market. While it reportedly reaffirmed “A” ratings for a majority of Florida’s domestic insurance companies, ratings agency Demotech downgraded three companies and pulled ratings altogether …
We expect to get more information later today about those 17 or so letters that Demotech sent to Florida property insurance writers warning they may lose their “A” rating as soon as tomorrow. The letters reflect …
