The infamous Scot Strems and his Strems Law Firm along with co-defendants Contender Claims Consultants and All Insurance Restoration Services have agreed to a $1 million settlement with Citizens Property Insurance to settle a massive fraud …
Just prior to this special session week, the Restoration Association of Florida (RAF) filed a lawsuit against Insurance Commissioner David Altmaier and two insurance companies over policy form changes that it says unjustly deny homeowners the right …
Three more insurance companies went before Florida regulators last week seeking rate increases from 23% to 49%, citing in part the growing frequency and severity of claims litigation which is driving up costs for all Florida property …
The compromise reached between House and Senate leaders just prior to this week’s special session seemed doubtful at times and was certainly a product of pressure put on by industry leaders and other stakeholders, an increasingly …
The Florida Legislature this morning begins its week-long special session focused entirely on addressing the dire escalating issues in our property insurance market. Initially sparked by laser-focused Senator Jeff Brandes and formally called by Governor …
Florida’s property insurance market turmoil has seen homeowners suffering big rate increases, with some losing their coverage, while a growing number of insurance companies are going insolvent or reducing or eliminating their policy-writing in the state. The …
The special session of the Florida Legislature on property insurance is set to begin two weeks from today as behind the scenes efforts to reach consensus on specific remedies continue to evolve. The Governor’s proclamation…
This weekend, I was in Louisville, Kentucky to enjoy the pageantry and excitement of the Kentucky Derby festivities. I was so glad it was back after three years without racing due to the coronavirus pandemic. Like many, I hung out …
Yet another property insurance company doing business here in Florida has become insolvent, another has had its ratings downgraded and another will make major changes to steel itself against this uncertain market. Plus another assessment may …
We’re still awaiting this morning the exact dates of next month’s announced special session of the Florida Legislature to address Florida’s increasingly dire homeowners insurance market (the rumor is May 23-27). After weeks of saying …
