Lawsuits against property insurance companies writing Florida polices fell 23% in 2024 from the year prior, the lowest since 2018, as some companies have filed for rate decreases in the aftermath of the 2019-2023 insurance …
One of the issues the Florida Legislature will surely address in its upcoming 2025 session is the ongoing challenge to condominium living. As we’ve reported, many owners are finding themselves between a rock and …
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 …
This week I’ll be in Miami to address the first joint meeting of Key Biscayne condominium association presidents and property managers. They’re at ground zero for what some describe as a pending collapse …
More than half of August’s Hurricane Debby claims are now closed, the largest homeowners insurance rate decrease of the year has been filed, what some Florida insurance agents are now hearing from their customers, a …
Florida’s insurance commissioner releases another positive update on the property insurance market, insurance-linked securities are on pace to set a record, a new bill in Congress would provide tax deductions on homeowners insurance, plus the …
Providing consumers understandable answers about Florida’s challenging property insurance market, another insurance company seeks a double-digit increase, the growing policy assumption rate by private carriers in Citizens Insurance depopulation, plus an ominous weather distinction …
Florida-based property insurance companies as a whole were off to a very profitable start this year, with first quarter 2024 net income rivaling all of 2023’s figures, and net underwriting results now in positive territory, …
While Florida property insurance rates are trending downward, a few companies are seeking rate increases, especially for those applied in 2023 under the use-and-file rate submission system. One of them, People’s Trust Insurance Company, …
