The Florida Office of Insurance Regulation provides a rate comparison tool on its website for homeowners’ and auto insurance, allowing consumers to view estimated premiums for limited types of properties and policyholders. Under a bill approved by the Florida Senate …
Amid an uproar over reports that Florida property insurance companies had shifted profits to affiliated firms while rates rose and carriers slid into insolvency a half-decade ago, former Florida Insurance Commissioner Kevin McCarty weighed in on the controversy. A consultant’s …
Three bills that would chip away at or substantially reverse 2022 and 2023 reforms on attorney fees and medical damages passed Florida House subcommittees by wide margins on Thursday. But the consensus at the state Capitol is that most of …
Florida insurers, often on the receiving end of insureds’ complaints – in the courts and in the news media – may take heart from a new ruling by a Florida appeals court, which draws a bold line under insureds’ responsibilities …
Florida International University has long been known as a hurricane research center. Think: the famous Wall of Wind, the giant fan system that tests the effects of 157-mph winds on structures and materials. A much larger, stadium-sized testing facility for …
A Florida House bill that would bar Citizens Property Insurance Corp. from writing condominium properties that haven’t complied with inspection deadlines passed its first hurdle this week. But the measure has been questioned by some as unnecessary and potentially detrimental …
A federal appeals court decision handed down last week is a victory for a Liberty Mutual surplus carrier, but it highlights what one attorney said is a widespread problem in the construction industry: an alleged “bait and switch” by insurers …
Just as several other U.S. states are bragging about the growing number of captive insurers domiciled there – and are making changes to attract more captives – Alabama regulators have declared a temporary moratorium on those types of insurance companies. …
As consumer complaints have apparently mounted over unpaid hurricane losses, Florida’s top insurance regulator and some lawmakers have signaled new scrutiny on insurance carriers’ claims-handling practices. Florida Insurance Commissioner Michael Yaworsky in February posted a memo demanding more data from …
Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures. And bills filed before the 2025 Legislature began this week also would require executive pay disclosure by carriers, along …
