Many feared uninsured
Governor DeSantis this past week said again that Hurricane Ian was both a wind and a flood event. “I’ve toured up and down the state and I would say the flood far exceeds the wind damage in …
Ian More a Flood Event
Story Tag: Federal Association for Insurance Reform
Relative Calm Returns to the Florida Market
Citizens hits the 1 million policy mark
The ratings discussion has been settled for now in Florida’s property insurance market and we also received some welcome clarification on what type and how many bad storms our carriers can financially weather …
Readying for Special Session
Four issues to be addressed
The special session of the Florida Legislature on property insurance is set to begin two weeks from today as behind the scenes efforts to reach consensus on specific remedies continue to evolve. The Governor’s proclamation…
Statewide Flooding Resilience Plan Premiers
Plus the latest on NFIP
The state of Florida is continuing to invest heavily – over $640 million in this fiscal year alone – in ramping up a new effort to help local communities mitigate the effects of sea level …
Florida Homeowners Market Update
Rate increases sought
Another homeowners property insurance company has filed a double-digit rate increase with Florida regulators while Citizens Insurance has begun tracking contingency fee multiplier litigation, one of the cost drivers behind rates. Plus a great history lesson about …
Survey: Wide Misconceptions of Flood Risk & Cost
Upcoming conference, NCOIL update
Hurricane Isaias two weeks ago caused significant flooding in Pennsylvania and with it, stories of homeowners caught off-guard and without flood insurance to cover the damage. A new national survey shows residents significantly underestimate their exposure …
Florida’s Cost of Risk
Agents worried
Ask any insurance agent and they will tell you “I’m worried.” Why are they worried? For starters, property insurance companies have no choice but to shrink their footprint and raise their rates. Some ask why? To which I …
Hurricane Season Updates
Flood Model Act progressing
With the start of the Atlantic Hurricane season a little more than two weeks away on June 1, we have some updates to share on storm season forecasts, new insurance catastrophe reporting forms, and the good …
A Puzzled Consumer from The Villages
Latest from the rate hearings
Retiree John Hunter sent a letter to his insurance company last week describing what many call the “roofer hustle.” Here are excerpts of his letter. “Back in January a Villager that I know, was aware …
Insurance Digest
Push for tort reform and Cat Fund transparency
While the Governor supports further litigation reform, data keeps mounting in support of tort reform, too, and the very real impact doing so would have on Florida’s economy. I attended a news …
