Plus, the NAIC’s new homeowners insurance report
Florida insurance regulators hear concerns on their plan to consolidate three existing claims mediation programs into one, while providing clarity on another proposal about how many are too many consumer complaints, plus the …
Plus, Citizens arbitration program headed to Florida Supreme Court
Florida insurance regulators hear concerns about their new method of determining how many are too many claims-handling complaints from consumers, the upcoming hearing this week on how those claims are mediated …
Another hurricane season forecast downgrade
Florida insurance regulators make a significant change in how they plan to handle home mitigation inspections for discounts, there will also be new industry input on just how to measure claims-handling complaints, plus yet another …
‘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 …
Insurance regulators examining AI use by carriers
President Trump signs an order for early government access to AI models, a new Florida Supreme Court order reflects frustration with AI use, a look at how Florida lawyers are using AI to …
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 …
Plus, readying for hurricane season
State insurance and emergency management officials travel Florida to spread timely tips to residents as we begin a new hurricane season, Commissioner Yaworsky says the condominium insurance market is improving as he releases an updated …
OIR summit tackles tough issues
The topic of home-hardening has been a hot button issue in Florida for years, as the miles of exposed coastline, low-lying construction, and constant threat of hurricanes loom over homeowners new and old alike. But …
Insurance Commissioner’s AI call-out
A strong performance by Florida property insurance companies, Florida’s insurance commissioner reveals what he’s doing to track AI use, a roofing contractor settles an accusation of unlicensed public adjusting, catastrophe losses are way down so far …