The House Financial Services Subcommittee on Housing and Insurance recently held a hearing titled “Diversifying Risk: The Benefits of Reinsurance and Credit Risk Transfers,” focused on how reinsurance and credit risk transfer (CRT) mechanisms protect …
With last week’s special session on congressional redistricting completed, the Florida Legislature is set to re-convene again a week from tomorrow (May 12) to spend a couple of weeks finishing its work crafting a new state budget for the fiscal …
Florida’s new wind mitigation forms and discounts continue to evolve, the federal government eases rules on insurance coverage for roofs on properties seeking federally-backed mortgages, and a new JD Power study reflects …
Floridians are left unable to renew their federal flood coverage mid-shutdown, players in the private flood insurance market say they’re ready to take over that flood risk and write often less-expensive policies, and a …
Just when you thought Florida’s condominium market couldn’t get any more strained comes news that federally chartered mortgage finance companies are outright refusing to help condo unit owners with loans in a growing number of designated buildings. …
We expect to get more information later today about those 17 or so letters that Demotech sent to Florida property insurance writers warning they may lose their “A” rating as soon as tomorrow. The letters reflect …
One of the impacts of last June’s collapse of the Champlain Towers South condominium is increased scrutiny by the nation’s two big real estate mortgage backers: Fannie Mae and Freddie Mac. Both have come out …
The National Association of Home Builders estimates lumber prices have increased 200% in the past 12 months, raising the average price of a new single-family home by $24,000. And apparently it’s a simple case …
