Florida OIR Fines Heritage P&C $1M for Ian Claims Issues May 13, 2024 By William Rabb The Florida Office of Insurance Regulation in recent weeks has fined five property and casualty insurers, including Heritage Property &...
Florida’s HCI Group Reports Another Healthy Quarter May 10, 2024 TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Wednesday reported first-quarter profit of $47.6 million, which follows a $38...
Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster April 30, 2024 By William Rabb Current and former leaders with Florida property insurers have had some strong reactions to state regulators’ recent efforts to oust...
Survey Shows Majority of Florida, California Homeowners Seeing Higher Insurance Costs April 18, 2024 Few people in Florida and California will be surprises to hear that the majority of homeowners in those states have...
Harvard Study Again Stirs the Pot on Demotech Ratings of Florida Carriers April 15, 2024 By William Rabb A study by researchers from Harvard and Columbia universities and at the Federal Reserve has reopened the debate about the...
Florida Peninsula Says Reforms Have Had an Impact, Announces 2% Rate Cut April 11, 2024 By William Rabb After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the...
More Data Show All Trends Pointing in Right Direction for Florida Insurers April 10, 2024 Policyholder surplus increased significantly, direct premium written jumped, and combined ratio has fallen for Florida-focused property insurance carriers in 2023,...
Former Florida Insurance Commissioner, Agent and FAIA Chair Gunter Dies April 9, 2024 Former Florida insurance commissioner, treasurer and Congressman Bill Gunter died Monday at his Tallahassee home. He was 89. “He was...
Viewpoint: Florida Insurance Market on the Mend April 5, 2024 By Jerry Theodorou Almost one year ago, on May 31, 2023, Florida Gov. Ron DeSantis signed sweeping insurance reform legislation into law. At...
A New Approach: Florida Agents Association Makes Big Investment in Startup Insurer April 4, 2024 By William Rabb The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing...