Up to $2B expected to be needed
The Florida Legislature meeting in special session the week before last agreed to pump hundreds of millions of dollars of extra funding into helping residents and local governments recover from the devastating effects …
Significant Tort Reform Announced
Governor DeSantis sent a Valentine’s Day message to the Florida trial bar last week, announcing he wants to pick-up where the December special session on insurance market reforms left off, by eliminating one-way attorney fees in …
Reinsurance at the heart of today’s concerns
Another Florida property insurance company is declared insolvent by state regulators, expectations of up to a 50% increase in reinsurance costs for the rest of the market’s carriers at June renewal, concerns that …
Another special session begins

This week’s special session of the Florida Legislature goes beyond considering additional hurricane relief to include bills on election law enforcement, illegal immigration, intercollegiate athletics, and special taxing districts, including Disney’s Reedy Creek Improvement District. You …
Legislature, FEMA coming through
The Florida Legislature begins a special session today to consider greatly bolstering disaster recovery efforts from Hurricanes Ian and Nicole as the death toll rises yet again, while local communities share the barriers to storm recovery. …
Plus, new reinsurance proposal
The first major takeout of Citizens Insurance policies in three years, the wait for a new reinsurance lifeline for Florida insurance companies, a strict interpretation of AOB cancellation provisions, plus Citizens reveals required flood insurance counts …
Awaiting more reinsurance help
Governor DeSantis continues to leave open the door for further property insurance market help following the reforms passed in the May and December 2022 special sessions. In comments to the media last week, he said “I …
Ian death toll rises
The Florida Legislature’s second week of committee meetings this past week came as news was breaking of two more deaths from September’s Hurricane Ian. The remains of an elderly man were found on his sunken sailboat …
Suggestions for insurance, future storm recovery
The Florida Legislature this past week began the first of six staggered weeks of legislative committee meetings leading to the start of the formal regular 60-day session on March 7. It coincided with Governor …
New OIR report shows deepening trouble
Reaction has been very favorable to the comprehensive property insurance market reforms passed by the Florida Legislature in its special session last month. Comments such as “profound” and “historic” and “will really unlock consumer …