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...
Palm Beach Elite Are Raising Money to Lure Vanderbilt to Florida April 3, 2024 By Michael Smith, Natalie Wong and Amanda Gordon Wealthy Florida residents and developers are looking to raise at least $300 million for Vanderbilt University to build a sprawling...
Corner Turned? Top Florida Insurers See First Profit in Seven Years, S&P Global Says March 22, 2024 By William Rabb Florida’s beleaguered property insurance market is starting to look normal again, with the top insurers in the state showing a...
Citizens’ Cerio Pushes Back Against Senator’s Questions About Insurer’s ‘Solvency’ March 20, 2024 By William Rabb The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial...
Florida Lawmakers Approve Surplus Takeouts but Stop Short on Nonrenewal Limits March 11, 2024 By William Rabb A number of property insurance-related bills were introduced in the Florida Legislature this year – from a fundamental change to...
Florida Condo Mitigation Bill Passes but Other Insurance Bills Uncertain After Changes March 7, 2024 A Florida pilot program to fortify coastal-area condominiums is on its way to the governor but other property insurance bills...
Insurer CEO Warns Limits on Cancellations Will Deter Carriers From Florida Market March 5, 2024 By William Rabb The head of two property insurance companies set to enter the Florida market this year is warning state lawmakers that...
Castle Key Defends 53.5% Condo Rate Hike, Blames Reinsurance, Ian, Rapid Growth February 22, 2024 By William Rabb When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it...
In SW Florida, High Home Insurance Rates Are Driving Away Would-Be Buyers February 14, 2024 By Michael Sasso (Bloomberg) — Florida’s southwestern coast — long one of America’s fastest-growing regions — is losing some of its boomtown swagger...