Incomplete and inconsistent local reporting cited
It has been four years since sweeping condominium safety reform hit Florida in the wake of the tragic Surfside building collapse, and while many associations and properties have followed the milestone inspection guidelines, some …
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 …
When daylight saving time rolls around each November, Americans set their clocks back an hour to prepare for the shorter days until they can “spring forward” come March. A new “Sunshine Protection Act” bill passed by the U.S. …
‘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 …
‘Margins against failure were too narrow from the start.”
Five years after the terrible and tragic Surfside condominium building collapse, the National Institute of Standards and Technology (NIST) has published its technical report detailing a timeline of the disaster, stating …
Policy depopulation, litigation, rates ‘good news for consumers’
The Citizens Property Insurance Board of Governors met last week to hear news of a series of record lows for the state-created company: in policy count, in Probable Maximum Loss (PML), and …
Likely that pool deck took the building down with it
Years after the tragic 2021 Surfside condo collapse that killed 98 people, a new report from the National Institute of Standards and Technology (NIST) is reinforcing preliminary findings (and videos…
Florida leads the nation with more than 2,800 properties
It’s no secret that Florida’s condominium communities are struggling – a growing, once invisible mortgage blacklist has led to widespread loan denials statewide for some would-be buyers. They include people like …
McCarty & Petrelli weigh-in
For those of you that follow Florida’s legislative activity, you will recall our weekly legislative updates from March to May 2025 and how incredibly contentious the relationship was between the Governor’s office and the Florida House …