Despite Reform Laws, Florida Premiums Won’t Drop, Karen Clark & Co. Says October 11, 2023 By Insurance Journal Staff Reports State laws adopted in 2022 and 2023 may have stemmed excessive claims litigation in Florida, helping to stabilize the distressed...
Less Red Ink in Florida, 2 New Insurers, and Citizens Wants Commercial Take-outs October 11, 2023 By William Rabb Florida-based insurers still aren’t profitable, overall, but their net losses and underwriting losses are getting smaller. Two more property insurance...
Sarasota and Ocala Named Florida Housing Hot Spots — Ocala Due to Lower Insurance October 10, 2023 Two areas in Florida have become hot spots for home buying and building, one of them due to higher insurance...
Florida OIR Approves Another 153,000 Citizens Takeouts; Assumption Rate is Low October 5, 2023 By William Rabb Florida’s Office of Insurance Regulation has approved the take out of another 153,000 policies from Citizens Property Insurance Corp., the...
Could Appeal Decision in Florida Roof Case Lead to More Expert Witness Challenges? September 27, 2023 By William Rabb Universal Property & Casualty Insurance Co. will have to go back to court to show how an insured’s roof expert...
Next Florida House Speaker Wants More Property Insurance Legislation, Deliberations September 21, 2023 The next speaker of the Florida House of Representatives, set to take charge in 2025, said he hopes to see...
Florida OIR Wants Enhanced Hurricane Ian Data by Sept. 27. Claims Have Topped 740,000 September 21, 2023 The Florida Office of Insurance Regulation is reminding carriers that additional information about Hurricane Ian claims is due no later...
New Florida Immigration Law Could Worsen Property Insurance Costs September 14, 2023 By William Rabb If Florida insureds and insurers haven’t been pummeled enough by rising costs in recent years, they could soon see another...
New Juice in Florida Market: Orange Insurance Exchange Approved by OIR September 6, 2023 By William Rabb Just days after another hurricane smashed through part of Florida, another property and casualty insurer has been approved for the...
Orion180, Headquartered in Florida, Now Approved to Do Business in the State August 23, 2023 By Insurance Journal Staff Reports Another insurance firm is expanding into Florida, the state in which it has had its headquarters for several years. Orion180,...