An Update on Florida Insurer Downgrade Situation: Demotech Commentary January 14, 2020 By Joseph L. Petrelli Demotech began involvement with the Florida homeowners’ insurance market at the State of Florida’s invitation in 1996 and today reviews...
More Than a Dozen Florida Insurers Facing Ratings Downgrades January 9, 2020 By Amy O'Connor The rating agency responsible for assigning financial stability ratings (FSR) to more than 40 Florida domestic insurers has warned that...
Florida Regulator Urges Insurers to Respond Quickly After Michael, Says 500K Insureds At Risk October 10, 2018 By Amy O'Connor Fast-moving Hurricane Michael is expected to be a significant storm for the Florida Gulf Coast, and the state’s top insurance...
Florida Disaster Fraud Team Makes Arrest Over $30K in Fraudulent Irma Claims October 5, 2018 By Amy O'Connor A Palmetto Bay, Fla., man was arrested last month for allegedly defrauding Citizens Property Insurance Corp. of more than $30,000...
Florida’s Citizens Reopens More Than 25K Hurricane Irma Claims April 17, 2018 By Amy O'Connor Citizens Property Insurance Corp. says it has reopened about 37 percent of its Hurricane Irma claims, according to a statement...
Florida’s Citizens Approves Changes to Managed Repair Program to Stem AOB Abuse April 12, 2018 By Amy O'Connor Citizens Property Insurance Corp. has approved a slate of policy language changes designed to protect consumers while addressing rising costs...
Florida’s Citizens Expects Policy Count Increase in 2018, Plans Claims System Upgrade December 20, 2017 By Amy O'Connor Citizens Property Insurance Corp., the Florida state-run insurer of last resort, is anticipating its policyholder count will increase in 2018...
Florida Approves 6.6% Statewide Homeowners Rate Increase for Citizens December 7, 2017 The Florida Office of Insurance Regulation (OIR) has approved statewide rate increases on 2018 personal and commercial property insurance rates...
Update: Insurance Industry Preparation for Hurricane Irma in Full Swing in Florida September 7, 2017 By Amy O'Connor Insurers are taking no chances in preparing for Hurricane Irma as the powerful category 5 storm slogs its way through...
Florida Insurers Place All Options on Table to Address AOB Abuse July 19, 2017 By Amy O'Connor Florida’s home insurers hope the public doesn’t blame them as they implement rate increases, initiate coverage changes and nonrenew policies....