Plus, more Floridians self-insuring
As insured losses grow from the recent Hurricane Idalia, a new report shows that agricultural losses may end up being the largest of all categories. With homeowners insurance premiums continuing to rise, more Floridians are choosing …
Missing: affordable reinsurance
More proposed rules are in the pipeline with a workshop tomorrow to implement some of Florida’s most recent property insurance market reforms, five insurance companies get the okay to takeout up to 186,000 policies from Citizens Insurance …
Plus, new rules and ideas for change
Florida homeowners insurance rate hikes are outpacing any in the nation, how actual cash value roof policies could lower premiums, the new insurer accountability act is now law, regulators release the new catastrophe …
Plus, new licensing rules
The insurer accountability bill will soon move to the rule-making realm, investigators arrest an unlicensed hurricane contractor and a public adjuster on fraud charges, new rules are now in effect for emergency adjuster licenses, and just …
Recap of Week 9: End of 2023 Session
The Florida Legislature ended its 2023 session this past Friday morning with the same efficiency and expediency it displayed throughout the 60-day session. It’s the first session in several years to end …
Recap of Week 8 & Preview of Week 9 of Session
There is still more work to be done this last week of the Florida legislative session on two key remaining insurance measures – the Consumer Protections bill and the …
Recap of Week 7 & Preview of Week 8 of Session
As we enter the final two weeks of the Florida Legislature’s regular session, all eyes are on the budget. We are still listening to the market, we are still …
Recap of Week 6 & Preview of Week 7 of Session
Insurance and related bills continue to see steady progress in the Florida Legislature, as we enter the last three scheduled weeks of the session. The House and Senate bills …
Recap of Week 5 & Preview of Week 6 of Session
The Florida House has now joined the Senate in offering up its own bill titled “Insurer Accountability.” The measures are intended to increase accountability and transparency of insurance companies …
Recap of Week 4 & Preview of Week 5 of Session
At this midway point of the Florida legislative session, there was a one-sentence bill released this past Friday by the Senate Banking and Insurance Committee that will have a …