Rising reinsurance costs a factor
Allstate’s Castle Key subsidiary is asking for a 53.5% rate increase after shedding 33,000 condo policies, another Florida insurance company goes into a policy runoff while another calls it quits altogether, plus how the high …
Here’s hoping you had a fabulous spring weekend and are ready to jump in this week. The trending bill among our readers is the tort reform bill, House Bill 837 (see details in Bill Watch) that was signed by …
Last week, there were major public policy issues debated in the legislature, including expansion of school vouchers and tort reform. Regarding the tort reform bill, House Judiciary Chair Tommy Gregory and Representative Tom Fabricio led the HB 837 debate on …
Plus, a new dispute on one-way attorney fees
Florida’s latest property insurance company insolvency may likely trigger the first emergency assessment on the industry since Hurricane Andrew, new questions being raised in courtrooms on how to apply the recent one-way …
We love our doctors who have bedside manners! In fact we sometimes comment about physicians based on how we connect with them and if we believe they have our best interest as their priority.
It was this preference that I …
Looking good!
The December 2022 property insurance market reforms passed by the Florida Legislature are making a big difference already, with fewer and less severe non-hurricane claims and fewer daily lawsuits, according to Stacey Giulianti of Florida Peninsula Insurance Company. …
Reinsurance at the heart of today’s concerns
Another Florida property insurance company is declared insolvent by state regulators, expectations of up to a 50% increase in reinsurance costs for the rest of the market’s carriers at June renewal, concerns that …
Plus, new reinsurance proposal
The first major takeout of Citizens Insurance policies in three years, the wait for a new reinsurance lifeline for Florida insurance companies, a strict interpretation of AOB cancellation provisions, plus Citizens reveals required flood insurance counts …
Florida’s market instability continues
Another Florida property insurance company has decided not to renew thousands of policies, a public adjuster accused of repeatedly violating the state insurance code may lose his license, plus why we’re watching a potential special session …
Plus, changes afoot at Citizens
The search is expected to begin later this month for a new Florida insurance commissioner following the resignation of David Altmaier along with his two deputy commissioners, there’s a new report on Florida insurance companies’ …