Hurricane Milton claims continue to rise, Citizens Property Insurance’s policy count reaches a new low as it prepares to file its first rate decrease in 10 years, plus the role ongoing depopulation is playing …
Florida Insurance Commissioner Michael Yaworsky has been on the road, engaging with stakeholders in our state marketplace. The most recent examples: traveling with the governor to meet with reinsurers in Bermuda at the PwC …
Florida Insurance Commissioner Michael Yaworsky went before both insurance committees of the state legislature this week to report the positive outcomes to date of the legislature’s 2022 and 2023 reforms. It happened …
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 …
For those of you that follow Florida’s legislative activity, you will recall our weekly legislative updates from March to May 2025 and how incredibly contentious the relationship was between the Governor’s office and the Florida House …
Gallagher Re says Florida’s recent legislative reforms led to more available and affordable reinsurance this hurricane season, new hurricane models are making their debut, plus a survey finds a sizeable number 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 …
As we’ve reported in this newsletter, a multi-bill effort led by attorney lawmakers in the Florida House of Representatives this session would roll-back many property insurance litigation reforms passed in the 2022-2023 legislative session. You …
After an unusual six-month wait, Florida’s largest property insurance company, state-backed Citizens, learned last Wednesday that regulators reduced their requested rate increase for 2025 by nearly 40%. They didn’t learn it from insurance …
As you’ll read in this newsletter, this past week was very interesting and eventful on the Florida legislative and regulatory front, and this new week promises to hold its own intrigue. Last Monday, the Governor released his proposed budget for …
