How the private market can help
Floridians are left unable to renew their federal flood coverage mid-shutdown, players in the private flood insurance market say they’re ready to take over that flood risk and write often less-expensive policies, and a …
Welcome to the heart of the Atlantic Hurricane Season (and our first scare), where from early September through mid-October, the greatest number of hurricanes usually develop – with the greatest number of landfalls, too. This past Friday morning, the National …
Plus, why some people are giving up insurance
Gallagher Re says Florida’s recent legislative reforms led to more available and affordable reinsurance this hurricane season, new hurricane models are making their debut, plus a survey finds a sizeable number of …
Plus a ‘first of its kind’ catastrophe model
Citizens Property Insurance is poised to make a big reinsurance buy for hurricane season, Florida’s direct property premiums continue to grow with the rest of the country, and the birth of a …
Plus, a new adjuster rule, new insurer, growing cost reports
Florida’s Insurance Commissioner refutes allegations of unjustified hurricane claims denials and approves another new property insurance company, a new rule toughens ethics requirements on residential insurance adjusters, surprising growth in …
While we’re all familiar with the term “professional development” it’s so nice to see it in action. But it’s not just a means to an end but a worthwhile journey unto itself for what it can deliver to others – …
Plus, pushback on federal insurance regulatory intrusion
The California wildfires could negatively impact homeowners insurance rates in Florida this year, Gallagher Re warns of a “new normal” for annual insured losses from catastrophes, plus the big pushback from the insurance …
Plus, survey shows willingness to commit fraud
A massive five-year long Florida insurance fraud investigation has come to a close with sentencing of the public adjuster who served as ringleader, and a new survey shows nearly a third of younger …
Storm surge, rather than wind caught communities off-guard
An interim report submitted to the Florida Building Commission on May 10 says that Southwest Florida coastal communities impacted by last September’s Hurricane Ian were “ill-prepared” for the storm surge and flooding, …
Plus a renewed crime-fighting partnership
State fraud investigators working with local law enforcement have made more arrests in their ongoing crackdown on unlicensed contractors; a Miami woman has been convicted in a $34 million healthcare fraud against insurance companies; and …