Those property insurance companies that haven’t purchased reinsurance for the upcoming hurricane season have just nine days left in a market that is still described as hard, with some companies struggling to find available, affordable …
Florida’s property insurance market posts another year of $1 billion-plus losses, the insurance commissioner weighs-in on the reinsurance scarcity challenge, while consumers look for ways to reduce coverage and price. It’s all in this week’s …
I follow several Florida insurance agents and their dedication to their customers and the overall insurance market. One of these agent leaders is Jake Holehouse whose dad was an icon in the industry. I have known Jake since he was …
Florida is in store for a whopping 76% increase in homeowners insurance premiums in 2023 over last year, insurance regulators approve an emergency assessment on almost all Florida insurance policies to pay for the most recent carrier …
The rush of lawsuits filed in Florida courts to beat the effective date of the new tort reform law has one South Florida court considering staying all new cases, two more Florida …
Allstate’s Castle Key subsidiary is asking for a 53.5% rate increase after shedding 33,000 condo policies, another Florida insurance company goes into a policy runoff while another calls it quits altogether, plus how the high …
Another Florida property insurance company is declared insolvent by state regulators, expectations of up to a 50% increase in reinsurance costs for the rest of the market’s carriers at June renewal, concerns that …
The Florida Legislature this past week began the first of six staggered weeks of legislative committee meetings leading to the start of the formal regular 60-day session on March 7. It coincided with Governor …
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 …
More insurance companies are restricting their policywriting in Florida following reinsurance rate hikes as high as 50%, coupled with a 12% increase in the Florida Cat Fund premium. Meanwhile, ratings agency Demotech is still reviewing the …
