Role of third-party litigation on insurance costs
New insights and perspectives on Florida’s property insurance reforms and what lies ahead in this new year, how Florida’s lessons on auto insurance are being applied in New York, Alabama has just quantified …
Governor highlights growing market affordability
Citizens Property Insurance is ordered to lower its 2026 rates even further, as the insurance commissioner and Governor tout growing affordability in Florida’s property insurance market; a new report shows claims lawsuits and costs continue …
Reforms are working in lowering rates
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 …
Citizens Property Insurance heading for pre-2003 policy count
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 …
By William B. Collum, Esq.
Prior to the elimination of assignment of benefits (AOB) contracts in property claims, contractors used no-price AOB contracts. When the insurer refused to pay the inflated estimate, the contractor would sue the insurer. Under Florida’s …
McCarty & Petrelli weigh-in
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 …
Victory for insurance companies
A judge finds no entitlement to attorney fees in a new ruling out of Volusia County, and a Universal Property & Casualty case reversal underscores the importance of “prompt notice” provisions. It’s all in this week’s …
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 …
By Matthew Lavisky, Esq.
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 …
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 …