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%...
Florida Senate Weighs Legal Immunity Against COVID Lawsuits March 16, 2021 A measure that would shield businesses from COVID-related lawsuits could make it before the Florida Senate later this week, providing...
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...
What Stakeholders Are Saying About the Florida Insurance Market March 11, 2021 Florida stakeholders are pushing hard for the Florida Legislature to enact property insurance reforms this year to help the state...
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...
Florida House Approves COVID Liability Shield for Businesses March 9, 2021 By Brendan Farrington Florida businesses would be protected from coronavirus lawsuits if they made a good effort to follow guidelines to prevent the...
Demotech: Investor Interest in Florida Will Diminish Without Legislative Action March 5, 2021 By Joseph L. Petrelli As the first insurer rating agency to review and rate independent, regional and specialty insurers, we have a unique understanding...
‘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...