While Florida property insurance rates are trending downward, a few companies are seeking rate increases, especially for those applied in 2023 under the use-and-file rate submission system. One of them, People’s Trust Insurance Company, …
Another big filer of lawsuits against Florida insurance companies has lost a court case that is being called significant in its expected impact on Assignment of Benefits (AOB) cases; it’s the same plaintiff that has …
Another Florida property insurance company has joined more than a dozen others in the last year who placed moratoriums on writing new business or left the state altogether. People’s Trust Insurance told insurance agencies …
The Florida Legislature’s May 23-25 special session didn’t come soon enough for yet another insurance company which is now trying to wind-down at least some of its operations among growing concern by ratings agencies of …
A Florida appeals court has once again upheld the right of a property insurance company to use its own repair contractor instead of making a loss payment to settle claim damages. The most recent case …
