End of Special Session on Property Insurance, Hurricane Ian Relief
The Florida Legislature ended its special session this afternoon (December 14, 2022) passing a package of reforms addressing the dire escalating issues in our property insurance market and providing economic …
Special Session on Property Insurance, Hurricane Ian Relief
The Florida Legislature this morning begins its scheduled week-long special session focused on addressing the dire escalating issues in our property insurance market and providing economic relief for Hurricane Ian victims. The …
Who pays?
The big issue we can argue is what we don’t know about Hurricanes Ian and Nicole. How many residents and businesses had flood damage (which is not covered by most homeowners policies) and didn’t have flood insurance? And …
Cross-state claims jump from Nicole
This past November 30 marked the official end to the Atlantic Hurricane Season, one that saw 14 named storms and due to Hurricanes Ian and Nichole, made 2022 the third-most expensive hurricane season on record. …
New study reveals costly consumer consequences
The American Consumer Institute (ACI) has released a new study exposing what it calls “the perverse incentives” driving financial instability in Florida’s homeowner insurance market. It points to the state’s generous fee-shifting policy that …
Further signs of a deteriorating property insurance market
Although no official proclamation had been issued as of last night, the new Florida Legislature is poised to meet a week from today (December 12) in a week-long special session to address …
AOBs rising
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 …
New insights on claims
Hurricane Ian, the more expensive of the two Florida hurricanes in terms of both human life and property, continues to grow more so and is now expected to have broader impacts on both the environment and …
Organizational & special sessions ahead
Fresh off the elections, the new Florida Legislature is back at the state Capitol tomorrow for its organizational meeting to swear-in new members and leaders. The one-day session is largely ceremonial. Republicans now have a …
This past election day, I had the privilege of addressing the Pensacola Association of Realtors who are gravely concerned about the rising costs of property insurance and even more interested in how to “fix” the problems faced by their real …