Hurricane Matthew More Hype Than Bite So Far But Insurers, Agents Remain on Alert October 7, 2016 By Amy O'Connor While Hurricane Matthew rages along Florida’s coast, with the end potentially still hours away, the insurance industry seems to be...
Florida Regulators Approve Rate Increase for Citizens Policyholders September 19, 2016 By Amy O'Connor The Florida Office of Insurance Regulation approved a 6.4 percent overall rate increase for 2017 for Citizens Property Insurance Corp....
Citizens Implements $1.8M Estimate Review Program for Florida Water Loss Claims July 26, 2016 By Amy O'Connor Florida’s insurer of last resort, Citizens, has expanded its efforts to curb increasing water loss claims with a new Water...
Heritage Revokes 14.9% Rate Increase Filing for Florida Homeowners July 13, 2016 By Amy O'Connor After review by the Florida Office of Insurance Regulation (OIR) and much criticism from Florida stakeholders, Florida-based Heritage Property &...
Florida’s Citizens Says AOB Abuse to Blame for Statewide Rate Increase of 6.8% June 23, 2016 By Amy O'Connor Citizens Board of Governors has approved recommended rates for 2017 that equal an average rate increase of nearly 7 percent...
Citizens Implements Contract Changes to Address Florida Water Losses May 10, 2016 Citizens Property Insurance Corp. is alerting policyholders to important policy changes beginning July 1 as part of the state-backed insurer’s...
Special Report: Execs Warn of Impending Florida Market Crisis Over Water Loss Claims May 3, 2016 By Amy O'Connor Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean...
Commentary: Florida’s Failure to Pass AOB Reforms Will Impact State Insurance Market March 21, 2016 By William Stander Following the 2016 Florida Legislative Session’s failure to pass essential assignment of benefit (AOB) reforms, the insurance industry and Citizens...
Florida Assignment of Benefits, Ridesharing Bills Approaching Dead End March 8, 2016 By Amy O'Connor It’s looking like Florida lawmakers will not provide resolution for two controversial issues currently facing the Florida insurance industry, this...
Report: Florida Water Loss Claims up 46 Percent in 5-Year Period March 2, 2016 By Amy O'Connor The frequency and severity of water loss claims in Florida have increased every year since 2010, according to data call...