Florida’s Insurance Commissioner refutes allegations of unjustified hurricane claims denials and approves another new property insurance company, a new rule toughens ethics requirements on residential insurance adjusters, surprising growth in …
A memo from the Florida Office of Insurance Regulation (OIR) touts the benefits of recombining all insurance regulation under one agency, experts discuss the impact of tariffs on the insurance landscape, and …
We begin this newsletter edition with some over-arching observations about the Florida legislative session, now just past the halfway point. There is increasing contention among lawmakers, even of the same party, on some major issues, including insurance. “What is being …
Sometimes, a bill comes clad in sheep’s clothing. But to borrow words from Justice Scalia, “this wolf comes as a wolf.”[1]
For decades, Florida was in an insurance crisis. I read the Internet commentary discussing …
Many readers said they saw me on television during this past Friday’s (March 14) 8am meeting of the Florida House Insurance and Banking Subcommittee. I intentionally sat in that chair not to be on camera but …
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 …
Lawmakers are back in Tallahassee today (February 10) to begin the second of three consecutive weeks of committee meetings leading to the start of the regular 60-day session on March 4. There are new bills to report, …
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 …
The California wildfires could negatively impact homeowners insurance rates in Florida this year, Gallagher Re warns of a “new normal” for annual insured losses from catastrophes, plus the big pushback from the insurance …
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 …
