Citizens’ report teed-up
At its March meeting, the Citizens Property Insurance Corporation Board of Governors agreed to contract with Florida State University to conduct an exposure reduction study. The study would identify any opportunities to reduce Citizens’ exposure as well …
Larger workers’ comp rate drop ordered
To be sure, there’s a plethora of insurance issues that the new Florida Legislature will face as well. We’ve chronicled many of them in these pages over the past months, including a few that …
Florida Legislature poised to act
In next Tuesday’s election, all 120 seats in the Florida House of Representatives and 20 of the 40 seats in the Florida Senate are up for election. Two weeks later, the chambers will meet for …
This past week was a significant one on the Florida insurance litigation front, with decisions in two major cases. But first, some levity to help start your Monday morning and a new workweek on the right foot that also has …
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 …
Dark clouds on financial filings
The second quarter financials from insurance companies doing business in Florida were due this past Friday to the Florida Office of Insurance Regulation (OIR) and we are awaiting a cumulative report on underwriting gains/losses. The …
Standby for more rate increases
Two sister, Florida-based property insurance companies are seeking double-digit homeowners insurance rate increases, continuing the trend we’ve talked about here that is a symptom of our state’s property insurance market woes.
Southern Fidelity Insurance Company …