In our mid-June newsletter, we reported that more than 90% of Hurricane Helene and Milton claims were now closed, with 56% of Helene residential claims closed without payment, and about 43% of Milton …
Gallagher Re says Florida’s recent legislative reforms led to more available and affordable reinsurance this hurricane season, new hurricane models are making their debut, plus a survey finds a sizeable number of …
The Florida Office of Insurance Regulation (OIR) has gone from “optimistic” in January to “confident” today about the impact of the 2019-2023 property insurance reforms passed by the Florida legislature and the positive …
Florida’s property insurance market continues its rebound, reflecting improving financial conditions, as more carriers join the market; Citizens Property Insurance policy count drops below 800,000 amid other encouraging signs; plus a rare rate hearing for …
Hurricane Helene and Milton Florida insurance claims now total $7.3 billion with more than 90% of claims closed, Citizens Property Insurance reports continued success in its depopulation and new agent clearinghouse while litigation declines, Uber …
Policyholders sometimes complain about the time it takes to get their claim settled with their insurance company. This is more likely to happen in property insurance claim disputes and it’s certainly something that our Florida carriers are aware of and …
Florida reinsurance remains at reasonable prices for the second hurricane season in a row, a new study helps prove insurance savings from FORTIFIED-built homes, there’s a new push for federally-backed mortgages to accept …
There’s further – some might say ultimate – proof that the Florida Legislature’s property insurance consumer reforms of 2022-2023 are having their desired effect in reducing costly, often frivolous lawsuits against insurance …
The official Atlantic Hurricane Season is less than two weeks away (June 1) and we thought we’d share the lengthy process that Florida insurance regulators have been going through to get ready – and …
There are new concerns that recent legislation my leave Florida condominium buildings underinsured, more changes are in the works to homeowners insurance mitigation discounts, plus the state catastrophe fund releases new numbers on …
