As the state-backed Citizens Property Insurance Corporation awaits a formal decision by regulators on its revamped 11.5% homeowners insurance rate hike request, its efforts to shed policies to the private market is succeeding …
A Florida appeals court delivers another blow to the idea that adjusters can also serve as appraisers in the same claims case, while another appeals court rules that an appraisal is meant to not only …
The insurance consumer and market reforms passed by the Florida Legislature last year and this year are starting to make a difference already but we are another good 12-18 months away from seeing the impact on …
Can Citizens Property Insurance get the rate hike needed to reduce its competition with private market carriers, even as more of them are approved to takeout Citizens policies? Meanwhile, two more property insurance companies join the …
Demotech issues a strong report card for its Florida property insurance companies, another carrier enters the marketplace, the reality check that we’re not out of the woods yet, plus the NAIC calls …
The Reinsurance Podcast Episode #62 is thought provoking. Jerad Leigh and Ben Rose dig into the current hard market. To me, some of the discussion begs the question, “Why does it seem that the insurance/reinsurance …
As anticipated – and plainly declared – when the Florida Legislature passed its recent series of property insurance market reforms earlier this year, the homeowners market would not be immediately out of the woods. And it isn’t …
Another big filer of lawsuits against Florida insurance companies has lost a court case that is being called significant in its expected impact on Assignment of Benefits (AOB) cases; it’s the same plaintiff that has …
Joe Petrelli, co-founder of Demotech, the financial analysis firm that rates many of Florida’s domestic property insurance companies is out with a new warning for the marketplace. He says national law firms are each spending millions of …
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. …
