A Year After Uproar over Demotech Ratings, Little Has Changed, But Questions Remain August 21, 2023 By William Rabb A little more than a year ago, the Demotech financial rating firm ignited a storm of controversy in Florida when...
Police Respond to ‘Chaos’ as Florida Condo Owners Outraged Over Insurance Fees August 21, 2023 Shouts, shoves and chaos broke out and police had to be called when condominium owners in Pembroke Pines, Florida, objected...
More Signs of Life in Florida: New Insurers in Market, More Citizens Takeouts August 15, 2023 By William Rabb Florida’s property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens...
Massive Citizens Takeout Plan Seen as Sign That Things Are Looking Up in Florida Market August 7, 2023 By William Rabb Stakeholders near and far are hailing a near-record number of takeouts from Citizens’ Property Insurance Corp. as a sign that...
Ray of Sunshine: Florida Insurers Show Profit as Citizens Takeouts Rise – S&P Global August 2, 2023 By Jason Woleben Republished from S&P Global Market Intelligence For the first time in three years, Florida’s struggling domestic residential property insurers have...
Florida Democratic Senators Host Facebook Town Halls on Continuing Insurance Crisis July 27, 2023 Two Florida Democratic state senators are hosting webinars this month and next on the state’s property insurance situation. “Homeowners Insurance...
Head Scratcher? Claims Litigation Not Named as Major Factor in Florida Insolvencies July 26, 2023 By William Rabb Despite years of complaints from Florida property insurers and some lawmakers that out-of-control claims litigation was destroying the industry, recent...
Florida Insurers Have Until Aug. 1 to Show They Have Proper Claims Manuals, OIR Says July 21, 2023 Florida property insurers now have a week to attest that they have and use claims-handling manuals that reflect industry practices...
Order Up: Next Florida Citizens Takeout Deadline is July 28 July 13, 2023 Florida regulators are reminding carriers that the deadline to participate in the November round of takeouts from Citizens Property Insurance...
Farmers Insurance Further Reducing Florida Business July 11, 2023 By William Rabb One month after it announced it would stop writing new homeowner policies in Florida, Farmers Insurance now says it plans...