This past week I had the pleasure of attending the Latin American Association of Insurance Agencies 56th annual conference on beautiful Marco Island. It was truly invigorating to witness the enthusiasm and renewed optimism for the industry’s future following …
‘Market must continue to organically recover, without fear of any major legislative or regulatory disruptions’
Regulators report Florida’s property insurance market is continuing to stabilize following legislative reforms that have resulted in fewer and less severe lawsuits with associated lower …
Plus, new regulations & higher lightning losses
The downward trend in Florida homeowners insurance premiums enters its third year, Florida insurance companies are facing new regulation on individually-rated risk and excess rates along with claim mediation practices, losses from lightning …
Plus, a billion-dollar return to Florida auto policyholder
Florida insurance regulators are changing the way they look at property insurance claims complaints, USAA Insurance will be returning almost $1 billion to its Florida policyholders, Citizens Property Insurance is managing to …
Cat Fund increase ahead
Property insurance rates and premiums really are going down for most Florida homeowners, the Cat Fund is poised to increase rates on reinsurance it provides to property insurance companies, plus Florida regulators release a batch of …
Plus, a new report on Florida’s post-reform insurance saving
Fresh concerns about Florida insurance regulators’ revamped wind mitigation inspection form, new research on the cost savings from the property insurance market reforms plus a prediction on future savings this year, …
Governor highlights growing market affordability
Citizens Property Insurance is ordered to lower its 2026 rates even further, as the insurance commissioner and Governor tout growing affordability in Florida’s property insurance market; a new report shows claims lawsuits and costs continue …
Plus, the huge increase in mental health leaves
Healthcare costs are set to double for millions across Florida in 2026, looming elimination of enhanced premium federal tax credits puts Florida families in jeopardy of losing their health coverage, and mental …
Two weeks from today, Florida lawmakers return for two back-to-back weeks of committee meetings, part of the 2026 legislative session that begins on January 13. We know there will be another attempt to roll back the 2022 & 2023 insurance …
In our recent reporting of the latest Property Insurance Stability Report by the Florida Office of Insurance Regulation (OIR), we noticed that although OIR provided county-by-county average homeowners and condo unit premiums, there was no statewide average shown. So we …