Consumer insurance reforms are credited for Florida’s declining auto insurance rates, regulators push for dollar amounts of attorney fees in claim settlements, Citizens defends its alternative dispute resolution process, plus a new …
The California wildfires could negatively impact homeowners insurance rates in Florida this year, Gallagher Re warns of a “new normal” for annual insured losses from catastrophes, plus the big pushback from the insurance …
The Citizens Property Insurance Corporation’s Board of Governors last week approved an overall 13.5% increase in rates for next year that includes a 14% increase in its personal lines policies, the maximum allowed under the …
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 …
The Florida Office of Insurance Regulation (OIR) has released its latest twice-annual Property Insurance Stability Report and although the market is nowhere near being out of the woods yet, there are “emerging signals that the reforms …
FEMA insists that a vast majority of federal flood insurance policies under the Risk Rating 2.0 system have only seen their premiums increase by under $10 per month or decline, one …
Sea level rise could eventually impact one-million Florida buildings by the turn of the next century, how Florida is tackling flood resilience with new legislation, plus a new reauthorization bill for the National Flood Insurance …
Congress has temporarily extended the National Flood Insurance Program through mid-December, while a report suggests insurance companies need partners to reduce flood risks worldwide. Plus, FEMA clarifies underwriting requirements in its Risk Rating 2.0 methodology …
I had the pleasure of sitting down last week with two veteran insurance agents on the frontline of Florida’s topsy-turvy property insurance market. They revealed the hidden consequences that higher insurance premiums are having on …
There are three states whose legislatures are teeing-up bills to provide the needed structure and encouragement for development of a private flood insurance market. The idea is to help consumers, whether residential or commercial …
