Fears of foreclosure, reinsurance costs, lawmaker investors
A dire warning from a South Florida county commissioner on an impending condominium foreclosure crisis due in part to ever-rising insurance costs, how to stop the “rollercoaster ride” of reinsurance pricing, and Citizens …
More hurricane relief, home hardening to be considered
All members of the Florida Legislature are back in town this morning for a special session that begins at 10am. On the agenda, beyond support for Israel and additional state sanctions against …
Former Senator Jeff Brandes and I shared a meal and chat with the Independent Insurance Agents of Central Florida at their October 2023 luncheon. As I prepared my remarks, I reflected on the many calls I receive from agents on …
Another big Cat year in the making, renewed uncertainty for reinsurance pricing
The very latest on Hurricane Idalia and Ian claims, how natural catastrophes are on track to set another record this year, the impact of those natural disasters on …
Doing nothing not an option
The Florida Legislature was in Tallahassee over the past two weeks to begin a staggered six-week series of legislative committee meetings in preparation for the start of the 2024 session on January 9. But it …
Plus $multi-million Medicare & auto fraud
Although it can (and does) happen anywhere, there’s a reason that authorities say most insurance fraud occurs in the South Florida counties of Miami-Dade and Broward. In just the past two weeks, three high-profile …
Hope for a lower policy count by year-end
In an effort to improve the health and competitiveness of Florida’s property insurance market, regulators last week approved another transfer of policies from state-backed Citizens Property Insurance Corporation to private market carriers. …
As hurricane claims grow
Homeowners insurance companies continue to adjust their Florida portfolios as Hurricane Ian claims climb another $2 billion in three months, a global reinsurance company says the growing number of coastal residents is driving Florida’s increasingly expensive …
This week kicks off the Florida Senate’s first week of committee meetings in preparation for the January through March 2024 regular legislative session. There are 40 state senators and 120 members of the House of Representatives. These 160 individuals are …
Only 3 of 10 policies are leaving
As the state-backed Citizens Property Insurance Corporation awaits a formal decision by regulators on its revamped 11.5% homeowners insurance rate hike request, its efforts to shed policies to the private market is succeeding …