Role of third-party litigation on insurance costs
New insights and perspectives on Florida’s property insurance reforms and what lies ahead in this new year, how Florida’s lessons on auto insurance are being applied in New York, Alabama has just quantified …
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 …
Proof that costs are coming down, reforms working
Florida homeowners insurance rates continued their decline in 2024, ending the year with a net industry average decrease for the first time in two years. The Office of Insurance Regulation (OIR) fourth …
Looking good!
The December 2022 property insurance market reforms passed by the Florida Legislature are making a big difference already, with fewer and less severe non-hurricane claims and fewer daily lawsuits, according to Stacey Giulianti of Florida Peninsula Insurance Company. …