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 …
“High degree of uncertainty” remains
A new report by regulators shows that the Florida property insurance market in the first quarter of 2023 had net positive income for the first time in seven years with net underwriting losses also encouraging. …
The difference is the flooding
We also have updated insured damage estimates from Hurricane Ian to share with you, as well as some surprising new claims data from last November’s Hurricane Nicole. The Florida Office of Insurance Regulation (OIR) recently …
Plus, a new dispute on one-way attorney fees
Florida’s latest property insurance company insolvency may likely trigger the first emergency assessment on the industry since Hurricane Andrew, new questions being raised in courtrooms on how to apply the recent one-way …
Cross-state claims jump from Nicole
This past November 30 marked the official end to the Atlantic Hurricane Season, one that saw 14 named storms and due to Hurricanes Ian and Nichole, made 2022 the third-most expensive hurricane season on record. …
New insights on claims
Hurricane Ian, the more expensive of the two Florida hurricanes in terms of both human life and property, continues to grow more so and is now expected to have broader impacts on both the environment and …
“Long road to recovery”
Nearly everyone who had a house that didn’t collapse into the ocean or was declared structurally unsafe is back at home following Hurricane Nicole’s landfall November 10 just south of Vero Beach, after an initial landfall …
New report suggests mild impacts
After a big spike in July, the number of workers’ compensation indemnity claims filed in Florida related to COVID-19 continues to fall significantly. September claims numbered 578, down from the 2,469 in August and the …
Recap of Week 9 & Preview of Week 10 of Session
The Florida House and Senate adjourned just before midnight Friday, agreeing to extend the 2020 legislative session to this Friday night. Only the budget itself and related implementing and …
Recap of Week 5 & Preview of Week 6 of Session
We’re now past the midway point of the Florida Legislature’s 2020 session. Tort reform became very iffy in committee meetings last week. Will this new week bring greater collaboration …