Lawmakers have already started arriving in Tallahassee for tomorrow’s (January 9, 2024) start of the Florida Legislature’s 60-day session. The Governor, in his recently proposed budget for the 2024/2025 fiscal year, included two …
A dispute over a 2021 law that placed additional hurdles to filing lawsuits against property insurance companies might reach the Florida Supreme Court, an appeals court rules explosive damage is covered by …
A new survey shows reinsurance prices in the upcoming renewal will be upwards of 30% more expensive than this year, catastrophe exposed commercial properties are expected to see the biggest reinsurance rate hikes, reinsurance prices …
After another successful takeout period by state-backed Citizens Property Insurance and a resulting and welcoming drop in its policy count, some in Congress are now taking an interest in Citizens’ risk portfolio. They want to …
Today marks the beginning of the final two weeks of legislative committee meetings leading to the start of the Florida Legislature’s 60-day session on Tuesday, January 9. We see that the Senate President is focusing on …
Last week I had the privilege of teaching over 100 homeowners insurance claims adjusters and litigation professionals some lessons learned in my years of working with policyholders who had claims, most specifically hurricane claims. Much of my continuing education course …
The clamor for more state property insurance relief takes on a new voice in Congress, State Farm suffers another big underwriting loss, Citizens Property Insurance reports encouraging news on lawsuits, and yet another drop …
Florida lawmakers are also expressing an interest in the Offer of Judgment statute (s.768.79, F.S.), colloquially known as the Proposal for Settlement (PFS) statute. Its intent is to incentivize parties in lawsuits to accept reasonable …
The Florida Legislature in its upcoming January regular session is also going to take another look at condominium governance and regulation. The Senate Regulated Industries Committee last week got an earful from …
The U.S. Senate’s Budget Committee is joining the Treasury Department’s Federal Insurance Office in demanding climate information from property insurance companies and how those companies use it to determine the cost and availability of coverage. The …
