Litigation declining, market stability increasing
Lawsuits against property insurance companies writing Florida polices fell 23% in 2024 from the year prior, the lowest since 2018, as some companies have filed for rate decreases in the aftermath of the 2019-2023 insurance …
Happy New Year! Today starts several committee meetings kicking off the 2025 Florida legislative session season. Committee weeks will occur through the end of February and session starts March 4 for 60 days. So far, there are no insurance bills …
Plus, the latest Florida market numbers
Citizens Property Insurance denies it’s denying a large number of recent hurricane claims, fresh insight and data debunks charges of a Florida insurance industry in a state of collapse, the latest on actual hurricane …
Implications for the next session
One of the issues the Florida Legislature will surely address in its upcoming 2025 session is the ongoing challenge to condominium living. As we’ve reported, many owners are finding themselves between a rock and …
New data on where lawsuits are filed
Florida Insurance Commissioner Michael Yaworsky is asking the state legislature to hold-off on any further property insurance reforms as the head of Citizens Property Insurance warns of an effort to roll-back consumer property …
Plus, condominium reform, subpoenas
The Florida Legislature met at the Capitol last week for its organization session with many newly-elected members. The state’s property insurance market was a prominent theme in speeches by the two new leaders of the Florida …
Help for new and existing homes
Why were some homes in Hurricanes Helene and Milton heavily damaged while others sustained little or no damage? Much of the answer lies with the building materials and techniques used in their construction. I’m …
By Fred Malik, Managing Director of FORTIFIED at the Insurance Institute for Business & Home Safety
As communities across Florida begin to rebuild in the wake of Hurricanes Helene and Milton, it is important to understand the role that resilient …
This is a special edition of our LMA Newsletter that we are devoting to the topic of fortifying our homes, in the wake of the devastation from Hurricanes Helene and Milton. We’re going to share with you the latest building …
Plus, new rule on claims adjusting
An updated report of good news about Florida’s property insurance market from its insurance commissioner, a new rule to improve transparency in the claims adjusting process, and a new poll shows how important insurance …