The Florida Office of Insurance Regulation (OIR) has released its latest twice-annual Property Insurance Stability Report and although the market is nowhere near being out of the woods yet, there are “emerging signals that the reforms …
Demotech issues a strong report card for its Florida property insurance companies, another carrier enters the marketplace, the reality check that we’re not out of the woods yet, plus the NAIC calls …
State regulators have approved an extension of a special assessment on Florida property insurance policyholders, while they consider loosening rules on Citizens Insurance coverage. Meanwhile, the insurance commissioner says litigation against companies is …
Florida’s property insurance market turmoil has seen homeowners suffering big rate increases, with some losing their coverage, while a growing number of insurance companies are going insolvent or reducing or eliminating their policy-writing in the state. The …
Florida’s Fourth District Court of Appeal last week issued a ruling in Total Care Restoration a/a/o Annie Griffiths v. Citizens Property Insurance Corporation holding that the 2019 reform law applies to all Assignment …
We recently received some insight on how Florida’s newest property insurance consumer protections are working in the marketplace. Part of the reforms that became law last spring from Senate Bill 76 (SB 76) require insurance …
