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 …
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 biggest concern recently explained by regulators about Florida insurance company rating downgrades has been the effect they may have on tens of thousands of federally-backed home mortgages in Florida, which require insurance companies be …
What a tumultuous two weeks it’s been for Florida’s property insurance market. While it reportedly reaffirmed “A” ratings for a majority of Florida’s domestic insurance companies, ratings agency Demotech downgraded three companies and pulled ratings altogether …
The list of property insurance companies trying to reduce their exposure in writing Florida homeowners policies continues to grow. Other carriers are looking for ways to reduce their litigation claim costs as regulators try to better quantify …
