The first emergency assessment on Florida’s property insurance policyholders since Hurricane Andrew is on the way, as three more carriers file rate increases of 14%, 45%, 62% and even 103%. There’s also …
The American Consumer Institute (ACI) has released a new study exposing what it calls “the perverse incentives” driving financial instability in Florida’s homeowner insurance market. It points to the state’s generous fee-shifting policy that …
The economic losses continue to mount as well in Southwest Florida, with total hospitality layoffs now topping 1,000 and growing. Providing more economic relief there is one of the reasons Governor …
Florida is attracting wealthy Americans at four times the rate of any other state, our visitor count has now returned to pre-pandemic levels, and state revenue projections have been revised upward by …
The Florida Legislature ended its special session on property insurance Wednesday afternoon (May 25, 2022) passing a series of reforms addressing the dire escalating issues in the Florida’s homeowners insurance marketplace. They also included …
The Florida Legislature ended its special session on property insurance Wednesday afternoon (May 25, 2022) passing a series of reforms addressing the dire escalating issues in the Florida’s homeowners insurance marketplace. They also …
Three more property insurance companies announced last week they will no longer write new Florida homeowners insurance policies until further notice. That brings to seven the number of companies in the past few months that are closed …
About the time you open this week’s newsletter, the Citizens Property Insurance Corporation rate hearing will begin. Of note in the rate filing details is a proposal by Senator Jeff Brandes and approved by …
Two new research reports are providing hard data and credible insight into two main drivers of Florida’s rapidly rising property insurance rates: increased litigation and unchecked fraud. Both reports outline a series of measures that only …
Despite and certainly because of the challenges facing Florida’s homeowners insurance market, there are things we can do as insurance consumers and as the insurance professionals who serve them, to make 2021 a better year for …
