Citizens Property Insurance now actuarially sound
The feds approve a disaster declaration for Florida agriculture, auto insurance rates in Florida take another dive, the state’s insurer of last resort now has actuarially sound rates in key lines, plus the legislature …
Recently, I attended another Hurricane Ian insurance village where almost 20 insurance companies gathered to offer personal service to those with claims. I attend as often as I can to work with the media, listen to consumers and lend a …
Emergency assessment ordered
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 …
Further signs of a deteriorating property insurance market
Although no official proclamation had been issued as of last night, the new Florida Legislature is poised to meet a week from today (December 12) in a week-long special session to address …
AOBs rising
The Restoration Association of Florida loses the second of its three lawsuits in state court that tried to overturn the legislature’s past insurance consumer protections, one company reports Assignment of Benefits (AOB) lawsuits are up 100%, and veteran …
Is it wind, water, or both?
As insurance adjusters continue their near round-the-clock work evaluating Hurricane Ian’s tremendous damage on Florida homes and businesses, it’s even clearer now that most damage is from flooding rather than the wind. I recently …
Law firm faces up to $328,000 in sanctions
A federal judge in Louisiana has made clear that he’s caught-on to the questionable practices employed by a plaintiff insurance attorney firm operating there, threatening them with sanctions for filing batches of …
Special session on Ian & the property insurance market
The economic losses continue to mount as well in Southwest Florida, with total hospitality layoffs now topping 1,000 and growing. Providing more economic relief there is one of the reasons Governor …
Arrests & warnings
The past two weeks have certainly provided overwhelming proof of the need for stronger insurance consumer protection reforms. Local and state authorities have been looking for unlicensed contractors, as well as public adjusters and roofing contractors not …
Property insurance reform likely
The problems created by Hurricane Ian have prompted Governor DeSantis to call a special session of the Florida Legislature for December to provide property tax relief to victims and address our ongoing property insurance issues. CFO …