Property insurance rates and premiums really are going down for most Florida homeowners, the Cat Fund is poised to increase rates on reinsurance it provides to property insurance companies, plus Florida regulators release a batch of …
There’s further – some might say ultimate – proof that the Florida Legislature’s property insurance consumer reforms of 2022-2023 are having their desired effect in reducing costly, often frivolous lawsuits against insurance …
Everyone has felt the strain on homeowner’s insurance, something that has been steadily mounting nationally since the COVID-19 pandemic. A recent report from the Insurance Information Institute (Triple-I) looked for trends and dynamics and found that persistent inflation lingering from …
AccuWeather ups its Atlantic hurricane season forecast, Gallagher Re warns of a looming insurability crisis due to a big increase in storm losses, plus a new report says hurricanes are getting wetter – and costlier for insurance …
There’s general agreement that excessive litigation and contractor fraud have been driving factors in Florida’s property insurance market peril. State insurance regulators, the Florida Supreme Court, and the Insurance Information Institute have attempted to get …
Another Florida property insurance company goes into receivership, a roofing industry lawsuit is dismissed, Citizens Property Insurance has its rate hike request trimmed, and it’s official: Florida now has the highest homeowners insurance premiums in …
Congress is gearing up for its annual effort to reauthorize the National Flood Insurance Program (NFIP) and early proposals call for limiting rate increases on federal flood insurance. Meanwhile, a new report suggests it will take …
There is increasing concern among insurance analysts that unless Florida reigns-in the Assignment of Benefits (AOB) abuse occurring now statewide in residential properties, the problem could spread to commercial …
