Another property insurance company is pulling out of Florida while another has its ratings stripped, the big migration of policies to Citizens Property Insurance has it seeking its largest rate hike in recent years, and a …
There are generally three ways to create or change public policy: legislate, regulate, or adjudicate. What Florida lawmakers failed to legislate this past session in property insurance, the Florida Office of Insurance Regulation (OIR) …
The Florida Legislature will convene in a special session a week from tomorrow (April 19) to resolve a congressional redistricting map disagreement with the Governor. It won’t include insurance consumer protections. Proclaiming “If nobody …
Two co-owners of a Fort Myers roofing and construction firm were arrested earlier this month and charged with nine counts of insurance fraud for allegedly running a homeowner solicitation scheme offering free roof replacements in lieu …
Many policyholders from insolvent insurance companies and from the dozen other carriers who’ve simply stopped or reduced their writing in Florida are ending up at Citizens Property Insurance Corporation, the state-created and taxpayer-backed “insurer of last resort.” …
Someone else beating the incessant drum for a special legislative session is Joe Petrelli, President of Demotech, the ratings firm that provides financial analysis for many of Florida’s 52 domestic insurance carriers. He’s a …
There are growing calls this morning for the Florida Legislature to hold a special session to address meaningful property insurance reform that failed to pass when it adjourned two weeks ago. So far, legislative leaders …
One of the hallmark victories for insurance companies and their policyholders in last year’s consumer insurance reform law SB 76 ended expensive one-way attorney fees in property insurance claims lawsuits. Now a policyholder of Citizens Insurance …
The Florida Department of Financial Services (DFS), the agency charged with fighting insurance fraud and other harmful practices, is going after a South Florida public adjuster that it accuses of a pattern of stonewalling insurance company …
The Florida Legislature will adjourn its 2022 session this afternoon. Here are links to what the leadership focused on in public policy and tax breaks. Property insurance relief and preventing another condominium building collapse are not on the list. …
