Castle Key’s 54% Condo Rate Hike Gets Hearing, Showing New Pressures in Florida February 13, 2024 By William Rabb The Florida Office of Insurance Regulation next week will hold hearings on two property insurers’ requests for 54% average rate...
‘My Safe Florida Condo,’ Pet Insurance Bills Passed by Senate Committee February 7, 2024 By Insurance Journal Staff Reports First came the My Safe Florida Home program, providing matching grants to homeowners who fortify their homes against wind damage...
Florida Condos Say They Can’t Get Coverage. House Bill Would Let Citizens Step In January 24, 2024 By William Rabb When a Florida Senate committee last week approved a bill that would raise the policy limit on homes that can...
Fla. Senate Panel Votes to Raise Citizens’ Policy Cap to $1M, End Glidepath for Some January 17, 2024 By William Rabb The Florida Senate’s Banking and Insurance Committee on Tuesday approved a bill that would make the state-backed Citizens Property Insurance...
Update: How Loggerhead Moved to Snap Up 110,000+ Progressive Policies in Florida January 9, 2024 By William Rabb In early 2021, former executives with the Auto Club Insurance Co. of Florida, affiliated with AAA, decided to form a...
Florida Bad-Faith Suit Survives Even Though Policy Limits Paid and Sinkhole Excluded January 5, 2024 By Jim Sams Just because an insurer paid the full policy limits on a claim, and argues that the damages weren’t even covered,...
Florida Court Rulings, Legislation Could Impact Insurers’ Claims Practices December 19, 2023 By William Rabb Recent Florida legislation that has limited plaintiffs’ attorney fees and has raised the bar for bringing bad-faith claims against insurers...
Florida Judge Slams Universal for ‘Stonewalling,’ Demands Answers From Company December 19, 2023 By William Rabb Universal Property & Casualty Insurance Co. officials are discounting the significance of recent Florida judges’ rulings that have slammed the...
Are Billions in Wind Mitigation the Answer for Florida’s Insurance Problems? December 18, 2023 By William Rabb While Florida’s property insurance landscape appears to be leveling out, much more funding is needed to fortify homes against hurricane...
A Year After Florida Adjusters Dropped a Bomb, They’ve Heard Little and Now Want Investigators Fired December 14, 2023 By William Rabb One year ago, three independent claims adjusters stood before the Florida House Commerce Committee and charged that several insurance companies...