Legislative reforms’ impact ‘simply irrefutable’
Florida’s property insurance market continues its rebound, reflecting improving financial conditions, as more carriers join the market; Citizens Property Insurance policy count drops below 800,000 amid other encouraging signs; plus a rare rate hearing for …
How Citizens is losing policies
Hurricane Helene and Milton Florida insurance claims now total $7.3 billion with more than 90% of claims closed, Citizens Property Insurance reports continued success in its depopulation and new agent clearinghouse while litigation declines, Uber …
Policyholders sometimes complain about the time it takes to get their claim settled with their insurance company. This is more likely to happen in property insurance claim disputes and it’s certainly something that our Florida carriers are aware of and …
Plus, FORTIFIED homes show true insurance savings
Florida reinsurance remains at reasonable prices for the second hurricane season in a row, a new study helps prove insurance savings from FORTIFIED-built homes, there’s a new push for federally-backed mortgages to accept …
Triple-I: Link between attorney advertising, rising insurance costs
There’s further – some might say ultimate – proof that the Florida Legislature’s property insurance consumer reforms of 2022-2023 are having their desired effect in reducing costly, often frivolous lawsuits against insurance …
Plus, the latest changes in mitigation discounts
There are new concerns that recent legislation my leave Florida condominium buildings underinsured, more changes are in the works to homeowners insurance mitigation discounts, plus the state catastrophe fund releases new numbers on …
With the official start of hurricane season less than two weeks away, we have news this edition on an alarming trend in the condominium association community, how insurance regulators and carriers are preparing for the season, FEMA’s shift in emphasis …
Plus a ‘first of its kind’ catastrophe model
Citizens Property Insurance is poised to make a big reinsurance buy for hurricane season, Florida’s direct property premiums continue to grow with the rest of the country, and the birth of a …
Recap of Week 9 & Interim Adjournment of Session
This edition’s Bill Watch will close out the 2025 legislative session reports on bills that would change public policy. On Friday, May 2, legislators in both chambers had finally agreed on …
Recap of Week 8 & Preview of Week 9 of Session
This was supposed to be the last week of session for the Florida Legislature but House and Senate leaders late last Thursday announced they’re still far apart on a …