Fla. Solons Pass Accountability Bill, Banning Unexplained Changes to Adjuster Reports May 4, 2023 After years of chipping away at incentives for lawsuits against property insurers, the Florida Legislature has approved the Insurer Accountability...
Florida Legislature Sends Windshield Repair Bill to Governor, Ending AOBs May 3, 2023 By Insurance Journal Staff Reports The Florida House of Representatives on Tuesday overwhelmingly approved a bill that would prohibit assignments of benefits for windshield repairs,...
Florida Senate Approves Amended Insurer Accountability Act, Removes Some Reporting April 28, 2023 The Florida Senate has unanimously approved an amended version of the Insurer Accountability Act, removing some reporting requirements for property...
Florida Insurers Facing a New 1% Assessment on Premiums for Insolvent Insurer Claims April 18, 2023 By William Rabb Florida property insurers are preparing for another assessment on premiums to help the Florida Insurance Guaranty Association fund outstanding claims...
Florida Commercial Insurer Capacity Insurance Now in Runoff, OIR Order Says April 14, 2023 By William Rabb Less than a year after it announced it would stop writing new business in Florida, commercial carrier Capacity Insurance has...
HCI Launching New Florida HO Insurer After Go-Ahead From Regulators April 13, 2023 By Insurance Journal Staff Reports Florida regulators have given a green light to a new homeowners insurance company, the first since state lawmakers took steps...
Altering Adjusters’ Reports a No-No Under Florida Insurer Accountability Bill April 6, 2023 By Insurance Journal Staff Reports As trial lawyers and news reports around the state continue to criticize Florida lawmakers for the far-reaching tort-reform passed last...
After Nonrenewals, Castle Key Files 53.5% Increase for Remaining Fla. Condo Policies March 24, 2023 By Insurance Journal Staff Reports Two months after Allstate announced that a Florida subsidiary would non-renew 33,000 condominium policies, the company has filed for a...
DeSantis Turns Heads with Comment that Citizens Insurance ‘Not Solvent;’ Board Approves Cat Bond March 20, 2023 By William Rabb Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has...
Credit Outlook for Allstate’s Florida Unit is Negative, Reflects Deteriorated Surplus March 14, 2023 By Insurance Journal Staff Reports The AM Best financial rating firm’s tepid outlook for Allstate’s Florida subsidiaries, Castle Key Insurance Co. and Castle Key Indemnity...