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Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re

Jul 1 2022 // Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation...

Governor, Florida Cat Fund Board Agree to Raise Premiums for Insurers

Jul 1 2022 // Florida property insurers have another cost increase to manage after the Florida Hurricane Catastrophe Fund was approved for a premium increase. The fund’s governing body, the State Board of Administration, this...

Gone with the Flo: Progressive Stops Writing DP-3 Policies in Florida

Jul 1 2022 // Eight months after it stopped renewing homeowners and rental property policies in Florida, Progressive Insurance announced it will now stop writing new dwelling-fire business in the distressed Florida market. “To...

Hattersley Faults Patronis for Inaction on Florida Insurance Crisis

Jun 30 2022 // A Democratic challenger to Florida’s chief financial officer this week laid the blame for some of the state’s property insurance woes at the feet of incumbent Jimmy Patronis. “Patronis has had five years...

Florida Driver Could Get $12M After Insurer Did Not Respond to Settlement Offer

Jun 29 2022 // A Florida accident victim gets a second chance to compel an auto insurer to pay a $12.7 million judgment after the insurer failed to respond to a $10,000 settlement offer, a federal appellate court ruled Tuesday. A divided...

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