After an unusual six-month wait, Florida’s largest property insurance company, state-backed Citizens, learned last Wednesday that regulators reduced their requested rate increase for 2025 by nearly 40%. They didn’t learn it from insurance …
As you’ll read in this newsletter, this past week was very interesting and eventful on the Florida legislative and regulatory front, and this new week promises to hold its own intrigue. Last Monday, the Governor released his proposed budget for …
The California wildfires could negatively impact homeowners insurance rates in Florida this year, Gallagher Re warns of a “new normal” for annual insured losses from catastrophes, plus the big pushback from the insurance …
With five weeks to go before the start of the regular 60-day Florida legislative session, some insurance bills are now being filed. One would further restrict bad-faith claims and public adjuster conduct, another would increase policyholder …
One of the elements credited in the evolving success of Florida’s recent property insurance reforms is data collection and reporting. Property insurance companies are required to provide regulators with specific data on litigated claims. The number …
Happy New Year! Today starts several committee meetings kicking off the 2025 Florida legislative session season. Committee weeks will occur through the end of February and session starts March 4 for 60 days. So far, there are no insurance bills …
Citizens Property Insurance denies it’s denying a large number of recent hurricane claims, fresh insight and data debunks charges of a Florida insurance industry in a state of collapse, the latest on actual hurricane …
Florida Insurance Commissioner Michael Yaworsky is asking the state legislature to hold-off on any further property insurance reforms as the head of Citizens Property Insurance warns of an effort to roll-back consumer property …
An updated report of good news about Florida’s property insurance market from its insurance commissioner, a new rule to improve transparency in the claims adjusting process, and a new poll shows how important insurance …
Citizens Property Insurance is trying to find ways to help its policyholders with Hurricane Helene flood claims, nearly 90% of depopulation offers to Citizens this month qualify for removing policies, condo questions and answers, …
