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...
New Initiative by Florida’s Insurance Consumer Advocate Targets Contractor Fraud March 9, 2021 In an effort to educate consumers about contractor fraud schemes that are contributing to increased insurance rates, Florida’s Insurance Consumer...
‘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...
Florida Legislature Weighs Options to Address Rising Homeowners Insurance Costs February 24, 2021 By Corey K. Setterlund Three bills currently working their way through the Florida Legislature are designed to tackle the rising costs of homeowner roof...
Florida’s Property Insurance Market Is ‘Spiraling Towards Collapse’ Due to Litigation: Report January 20, 2021 By Amy O'Connor Florida’s property insurance market is “spiraling towards collapse” and requires immediate attention if there is any chance of protecting the...
Commentary: Florida Adoption of Federal Judgment Standard a Win for Insurers January 6, 2021 By Kimberly K. Berman and Eric L. Reichenberger The way liability claims are litigated in Florida will dramatically change, possibly shifting the balance of power in pre-trial negotiations...