Florida OIR: $3B Spent on Claims Defense in 2021; 27 Insurers Now on Watch List July 21, 2022 By William Rabb In 2021, Florida’s domestic property insurers spent more than $3 billion on legal defense costs and containment – double the...
Florida Workers’ Comp Rates Set to Decrease, Again September 3, 2021 By Ezra Amacher Florida workers’ compensation rates are set to decline again as the National Council on Compensation Insurance (NCCI) has proposed a...
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...
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 to Hold Hearing on Proposed National Specialty 24.9% Rate Increase March 22, 2021 The Florida Office of Insurance Regulation will conduct a virtual rate hearing this week on a proposed 24.9% rate increase...
Florida Regulator to Hold Hearing for Proposed Citizens’ Rate Increases March 12, 2021 The Florida Office of Insurance Regulation will conduct a rate hearing on Monday, March 15 on proposed rate increases from...
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...
‘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’s Citizens Seeks to Stem Flow of New Policies with Drastic Rate Changes January 28, 2021 After holding off on approving its 2021 rates last month, Citizens Property Insurance Corporation’s Board of Governors has approved rate...