CFO targeting insurance carriers, businesses on immigrants
Citizens Property Insurance approaches its lowest policy count ever, the CFO plans to target insurance companies over illegal aliens driving in Florida, workers’ comp insurance rates fall for the ninth straight year, a …
Plus, getting plaintiff lawyers to cooperate with fee disclosures
Florida workers’ compensation insurance rates are poised to fall again for the ninth consecutive year, suggested solutions are offered to make plaintiff attorneys reveal their fees in property insurance claims payouts, …
Data and advice for legislators
As we’ve reported in this newsletter, a multi-bill effort led by attorney lawmakers in the Florida House of Representatives this session would roll-back many property insurance litigation reforms passed in the 2022-2023 legislative session. You …
Plus, a proposed alternative to workers’ comp
Citizens Property Insurance continues its streak of handing-off policies to the private market, regulators reveal changes to Florida’s storm mitigation discount credits, plus an alternative to workers’ compensation insurance may be offered Florida …
Homeowners, workers’ comp rate decrease
More than half of August’s Hurricane Debby claims are now closed, the largest homeowners insurance rate decrease of the year has been filed, what some Florida insurance agents are now hearing from their customers, a …
Federal disaster aid for Tallahassee tornados
The recent South Florida deluge generates several thousand automobile insurance claims for flooded vehicles and a data call, Tallahassee gets a federal disaster declaration for last month’s tornados, there’s new money for home mitigation …
As insurance company costs exceed premiums
The clamor for more state property insurance relief takes on a new voice in Congress, State Farm suffers another big underwriting loss, Citizens Property Insurance reports encouraging news on lawsuits, and yet another drop …
As hurricane claims grow
Homeowners insurance companies continue to adjust their Florida portfolios as Hurricane Ian claims climb another $2 billion in three months, a global reinsurance company says the growing number of coastal residents is driving Florida’s increasingly expensive …
COVID has had little impact
Florida’s workers’ compensation insurance rates are heading for a seventh consecutive year of decrease, despite the lingering COVID pandemic. Meanwhile, insurance companies and hospitals are still in disagreement on the per-diem hospital inpatient reimbursement amount, …