Citizens Property Insurance says it has submitted to political pressure to write commercial policies that it otherwise wouldn’t, another big Florida property insurance company announces rate cuts, the biggest jump in the Consumer Price …
Providing consumers understandable answers about Florida’s challenging property insurance market, another insurance company seeks a double-digit increase, the growing policy assumption rate by private carriers in Citizens Insurance depopulation, plus an ominous weather distinction …
Florida-based property insurance companies as a whole were off to a very profitable start this year, with first quarter 2024 net income rivaling all of 2023’s figures, and net underwriting results now in positive territory, …
The recent South Florida deluge generates several thousand automobile insurance claims for flooded vehicles and a data call, Tallahassee gets a federal disaster declaration for last month’s tornados, there’s new money for home mitigation …
Reinsurance pricing at the June 1 renewals was thankfully flat with some decreases, Southwest Florida communities have resubmitted critical data to FEMA hoping to keep their federal flood insurance discounts, Florida insurance regulators …
Members of the U.S. Senate Budget Committee last week debated the root cause of the property insurance crisis affecting homeowners nationwide, with a wide range of culprits depending on who you ask. The Democrats were quick …
The U.S. Senate Budget Committee met last week to hold another hearing on how the climate is impacting insurance markets and rates (see our next newsletter story) but it missed the point by its ongoing focus, as we’ve …
Florida property insurance rate filings show a downward trend for the first time in years, despite another insurance company seeking a rate increase; Citizens Property Insurance pursues a record reinsurance purchase for hurricane …
So what impacts will an above normal Atlantic hurricane season have on Florida’s recovering property insurance market? Will homeowners insurance rates go up? Will reinsurance prices at this week’s June 1 renewal rise? What …
A victory for automobile insurance companies from the Florida Supreme Court, a new model law with tougher standards for the nation’s public adjusters, new insurance premium tax breaks for Florida homeowners are signed …
