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 …
A sea of good news prevails for insurance consumers
Governor DeSantis makes a splash in Bermuda with the reinsurance community, the “tort reform dividend” to Floridians is promoted nationally, another auto insurance company drops rates again, plus Citizens Property …
Plus, the Cat Fund’s 2026 reinsurance plan
An updated rule was recently proposed impacting Florida property insurance companies, along with an update on plans by the Florida Hurricane Catastrophe Fund (Cat Fund) to pay for next year’s hurricane season.
The …
Reinsurers weigh-in on federal flood insurance changes
Fort Lauderdale will need $1.6 billion to stave off future floods, FEMA’s new flood maps include parts of Clearwater for the first time, and reinsurers meet with the FEMA Review Council in pursuit …
Plus, more new property insurance companies join the Florida market
A roofing company and its owner are in trouble with Florida’s Attorney General for allegedly violating a series of recent legislatively-created insurance consumer protection reforms; a lawyer in the know …
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 …
Legislative reforms’ impact ‘simply irrefutable’
Florida’s property insurance market continues its rebound, reflecting improving financial conditions, as more carriers join the market; Citizens Property Insurance policy count drops below 800,000 amid other encouraging signs; plus a rare rate hearing for …
Plus a ‘first of its kind’ catastrophe model
Citizens Property Insurance is poised to make a big reinsurance buy for hurricane season, Florida’s direct property premiums continue to grow with the rest of the country, and the birth of a …
Recap of Week 9 & Interim Adjournment of Session
This edition’s Bill Watch will close out the 2025 legislative session reports on bills that would change public policy. On Friday, May 2, legislators in both chambers had finally agreed on …