Too Little, Too Late? Breaking Down Florida’s Latest Property Insurance Reforms June 1, 2021 By Amy O'Connor A bill passed by the Florida Legislature to address the state’s property insurance crisis has created optimism among some stakeholders,...
Florida Legislature Passes Major Changes to Auto, Property Insurance Markets April 30, 2021 By Amy O'Connor Florida lawmakers passed two bills on the last day of their 2021 legislative session that make major changes to the...
Florida Regulator Nixes Citizens Request to Remove Rate Cap on New Business April 21, 2021 By Amy O'Connor New policyholders coming into Florida’s insurer of last resort will not face higher rates than existing insureds under an order...
NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S. April 14, 2021 By Amy O'Connor New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers....
Florida Senate Passes Property Insurance Reform Bill April 9, 2021 By Amy O'Connor A bill backed by the Florida insurance industry and other stakeholders aimed at addressing the state’s insurance market woes was...
Fate of Florida Insurance Reforms Uncertain as Lawmakers Weigh Industry-Backed Bills March 26, 2021 By Amy O'Connor Two bills designed to deal with Florida’s crumbling property insurance market have embarked on divergent paths in the state legislature...
Citizens’ CEO: Florida Property Insurance Market is Shutting Down March 19, 2021 By Amy O'Connor Florida’s insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new...
Florida Insurers Sustain ‘A’ Ratings, For Now, As 2020 Industry Losses Top $1.5B March 17, 2021 By Amy O'Connor Ratings agency Demotech has affirmed the ‘A’ ratings of the Florida homeowners carriers it rates, which account for approximately 66%...
Insurance Agents on the Front Line of Florida’s Mounting Property Market Problems March 11, 2021 By Amy O'Connor While carriers face growing financial losses in Florida’s distressed property insurance market, insurance agents are on the front lines trying...
‘Desperate’ Times: Stakeholders Urge Florida Lawmakers to Enact Insurance Reform March 4, 2021 By Amy O'Connor It’s the start of another Florida Legislative Session with a familiar theme — insurers pushing for reforms they say are...