CFO targeting insurance carriers, businesses on immigrants
Citizens Property Insurance approaches its lowest policy count ever, the CFO plans to target insurance companies over illegal aliens driving in Florida, workers’ comp insurance rates fall for the ninth straight year, a …
Debunking common myths + helpful advice
In our mid-June newsletter, we reported that more than 90% of Hurricane Helene and Milton claims were now closed, with 56% of Helene residential claims closed without payment, and about 43% of Milton …
Insurance, resilience bills emerging
With five weeks to go before the start of the regular 60-day Florida legislative session, some insurance bills are now being filed. One would further restrict bad-faith claims and public adjuster conduct, another would increase policyholder …
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 …
Most losses appear to be from flood, not wind
Recovery from Florida’s other big hurricane this season – Helene – has had to take a backseat to Milton. Arriving just 13 days before Milton, the Category 4 hurricane is now …
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 …
Homeowners, workers’ comp rate decrease
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 …
Plus, the easing FEMA standoff in Southwest Florida
Some new data and insights from a state insurance roundtable that included policyholders, FEMA has extended its deadline and is said to be working closely with five Lee County governments to save …
Progress and warnings
At the close of the Florida legislative session this month, I sat down with two prominent legislators to talk about the new laws expected to impact Florida’s property insurance and real estate markets, reinsurance prices, and condominium …
Rate increases continue xx
Florida’s domestic property insurance companies show a positive net income for the first time in seven years, another carrier is scheduled to go before regulators seeking a rate increase, Citizens Property Insurance answers to Congress again, …