Cat Fund increase ahead
Property insurance rates and premiums really are going down for most Florida homeowners, the Cat Fund is poised to increase rates on reinsurance it provides to property insurance companies, plus Florida regulators release a batch of …
It was a true privilege to attend the recent gathering in Orlando hosted by the Independent Insurance Agents of Central Florida, featuring a fireside chat with Florida Insurance Commissioner Mike Yaworsky. Commissioner Yaworsky brought a rare combination of transparency, energy, …
State board considering new guidelines
We have received some excellent feedback on our recent edition of The Florida Insurance Roundup podcast about proposed rules to govern how engineers write formal damage evaluation reports, often used in insurance claims lawsuits. Some …
Plus, consumers giving higher marks to property insurers
Florida’s new wind mitigation forms and discounts continue to evolve, the federal government eases rules on insurance coverage for roofs on properties seeking federally-backed mortgages, and a new JD Power study reflects …
Citizens Property Insurance now actuarially sound
The feds approve a disaster declaration for Florida agriculture, auto insurance rates in Florida take another dive, the state’s insurer of last resort now has actuarially sound rates in key lines, plus the legislature …
Workers’ Comp drug rule to continue
January’s two deep freezes have caused more Florida crop damage than the previous 3 years of hurricanes combined, an appeals court stops efforts that would have allowed doctors to prescribe medication in workers’ compensation …
Plus, pushback on wind mitigation regulation
An early end to a hurricane assessment fee on Florida property insurance policies, the “big ask” that Florida regulators are making to insurance companies, a new crackdown on unlicensed warranty companies in the Sunshine …
Plus, a new report on Florida’s post-reform insurance saving
Fresh concerns about Florida insurance regulators’ revamped wind mitigation inspection form, new research on the cost savings from the property insurance market reforms plus a prediction on future savings this year, …
Plus, Florida agriculture ‘devastated’ by the deep freeze
The recent cold snap may have cost Florida farmers up to $1.5 billion, surplus lines insurance companies report declining premiums, Citizens Property Insurance is returning to being the insurer of last resort, …
Plus, former condo manager arrested for fraud
Florida farmers await a cold weather disaster declaration from federal agriculture officials, regulators announce another drop in Florida auto insurance rates, and a former South Florida condominium property manager is accused of a …