Florida’s domestic property insurance companies show a positive net income for the first time in seven years, another carrier is scheduled to go before regulators seeking a rate increase, Citizens Property Insurance answers to Congress again, …
The Florida Hurricane Catastrophe Fund is borrowing billions in preparation for the next big storm, the reinsurance industry says a federal cat fund backstop is unnecessary coming off a profitable year, plus the latest on Citizens …
Another property insurance company reduces its policy count in Florida due to challenging market conditions, Florida drivers now pay the most in the nation for auto insurance, Citizens responds to the dubious US Senate Banking …
After another successful takeout period by state-backed Citizens Property Insurance and a resulting and welcoming drop in its policy count, some in Congress are now taking an interest in Citizens’ risk portfolio. They want to …
In an effort to improve the health and competitiveness of Florida’s property insurance market, regulators last week approved another transfer of policies from state-backed Citizens Property Insurance Corporation to private market carriers. …
This week kicks off the Florida Senate’s first week of committee meetings in preparation for the January through March 2024 regular legislative session. There are 40 state senators and 120 members of the House of Representatives. These 160 individuals are …
As anticipated – and plainly declared – when the Florida Legislature passed its recent series of property insurance market reforms earlier this year, the homeowners market would not be immediately out of the woods. And it isn’t …
The 2022 Florida insurance marketplace reforms are having the desired effect for Citizens Property Insurance, with “significant shifts” reported in litigation. Meanwhile, the state-backed carrier went before regulators at a public hearing last …
Springtime is bringing the return of insurance villages to Southwest Florida together with added help to streamline Hurricane Ian claim payments and a reminder from regulators, Citizens is breaking from tradition to help some hurricane victims, …
The first emergency assessment on Florida’s property insurance policyholders since Hurricane Andrew is on the way, as three more carriers file rate increases of 14%, 45%, 62% and even 103%. There’s also …
