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, …
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 …
Citizens Property Insurance denies it’s denying a large number of recent hurricane claims, fresh insight and data debunks charges of a Florida insurance industry in a state of collapse, the latest on actual hurricane …
While Florida residents braced themselves for a wild 2024 storm season, the Florida Hurricane Catastrophe Fund and insurance companies statewide prepared for the worst. In total, the Cat Fund is expected to pay out $4.6 billion …
More than half of August’s Hurricane Debby claims are now closed, the largest homeowners insurance rate decrease of the year has been filed, what some Florida insurance agents are now hearing from their customers, a …
Florida property insurance rate filings show a downward trend for the first time in years, despite another insurance company seeking a rate increase; Citizens Property Insurance pursues a record reinsurance purchase for hurricane …
Florida Insurance Commissioner Michael Yaworsky is disputing a recent academic report that claims Florida’s property insurance market is full of “low quality insurers,” especially those Florida-based companies that write the bulk of the 7.5 million homeowners and …
Further positive indications that Florida’s property insurance market is stabilizing, stable pricing but questionable availability of reinsurance for the upcoming hurricane season, confusion over the average homeowners premium, Citizens Insurance reports fewer claims lawsuits yet …
At the close of the Florida legislative session this month, I sat down with two prominent legislators to talk about the new laws expected to impact Florida’s property insurance and real estate markets, reinsurance prices, and condominium …
