As we said, so far, the additional needed insurance consumer protection reforms haven’t been filed yet in the Florida Legislature, but new data supports that they are needed now more than ever. A look at …
Lawmakers are back in Tallahassee this week for the last of six weeks of committee meetings leading into the regular 60-day legislative session that begins on January 11. The full legislature was in town the week …
So what of the current legal challenges to Florida’s new property insurance reform law, SB 76? I had the pleasure to sit down recently with Jose Pagan, a former fraud regulator who is now one of Florida’s leading …
It’s week #4 of legislative committee weeks in Tallahassee, but the agenda is rather light this week on insurance issues. The big news was last week, when the chair of the Senate Banking and Insurance …
Florida law concerning actual cash value damages changed. But insurance professionals are not adapting. Adjusters on both sides of the fence define “actual cash value” as “replacement cost less depreciation”. Insurers employ this formula through …
Florida is among the riskiest places on the planet to insure property. Besides its natural pull to perils, it has become the center of the universe for innovating ways to drain insurers’ pockets. Innovative Claim Makers’ (third …
A few hours before that Senate Banking and Insurance Committee meeting, one of the two recipients of private admitted market policies was having a meeting of its own. The Citizens Property Insurance Corporation Board of Governors was getting …
The Florida Senate’s Banking and Insurance Committee reconvened the week before last to hear that the state’s property insurance marketplace remains in “dire” shape, with some companies losing more money than last year, prompting regulators to …
Another issue that arose in last week’s meeting of the Miami-Dade County government multi-agency panel on the Surfside disaster was condo association reserve funds for needed building maintenance – and that many times, the reserves …
2021 is looking like it will be a banner year for property insurance litigation in Florida, with midyear figures of new lawsuits up 51% over the first six months of last year. Those involving Assignment of …
