In the midst of an already devastating hurricane season, Hurricane Milton first popped onto radars on October 4th as a swirl in the Gulf of Mexico under the …
We open this edition with a hats-off to Florida insurance regulators for their steadfast support of policyholders. Last week’s Hurricane Milton was certainly bigger than Helene two weeks earlier, with insured losses now estimated at between $30 billion to $50 …
An old friend of mine started in the risk management business 25 years ago and I recently came across an article he wrote about risk management. In the property insurance business, risk management is our number one priority and the …
Citizens Property Insurance is trying to find ways to help its policyholders with Hurricane Helene flood claims, nearly 90% of depopulation offers to Citizens this month qualify for removing policies, condo questions and answers, …
This week I’ll be in Miami to address the first joint meeting of Key Biscayne condominium association presidents and property managers. They’re at ground zero for what some describe as a pending collapse …
More than half of August’s Hurricane Debby claims are now closed, the largest homeowners insurance rate decrease of the year has been filed, what some Florida insurance agents are now hearing from their customers, a …
A federal appellate court rules an insurance company waited too long to object to an appraiser, a state appellate court rules a trial court was too quick to order an appraisal, and a …
Florida’s insurance commissioner releases another positive update on the property insurance market, insurance-linked securities are on pace to set a record, a new bill in Congress would provide tax deductions on homeowners insurance, plus the …
High-risk flood zones are expanding this year along significant stretches of Florida’s coastline. In Broward County, nearly 90,000 properties have been moved into a FEMA flood zone. But 80,000 of them were in such a …
Florida’s Hurricane Catastrophe Fund is poised to borrow lots more money when the next big storm hits, Citizens Property Insurance is moving closer to non-competitiveness with the private market and actuarial soundness, and the …
