Nicole’s Insured Losses Less Than $1B, but Some Florida Homes Washed Into the Sea November 14, 2022 By Staff and Wire Reports Insured losses from Hurricane Nicole, a category 1 storm that came ashore on Florida’s east coast last week, will be...
AM Best: Florida’s Property Insurance Market Hit 5-Year Financial Low in 2020 May 27, 2021 AM Best’s composite of Florida property insurance companies hit five-year performance and surplus lows in 2020, and given persisting and...
Florida Legislature Passes Major Changes to Auto, Property Insurance Markets April 30, 2021 By Amy O'Connor Florida lawmakers passed two bills on the last day of their 2021 legislative session that make major changes to the...
Court Orders Liquidation of American Capital; Policies to Cancel May 14 April 22, 2021 Florida-based American Capital Assurance Corp. is officially in receivership and is in the process of being liquidated after being deemed...
NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S. April 14, 2021 By Amy O'Connor New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers....
Regulator Deems Florida-Based American Capital Assurance Corp. Insolvent April 6, 2021 By Amy O'Connor After negative moves by ratings agencies last month to address its financial issues, Florida’s insurance regulator says American Capital Assurance...
Florida Agents Join Consumer Advocate in Fight Against Contractor Fraud April 6, 2021 By Amy O'Connor As Florida insurers focus on addressing mounting losses in the state’s property insurance market with legislative reforms, rising rates and...
Florida to Hold Hearing on Proposed National Specialty 24.9% Rate Increase March 22, 2021 The Florida Office of Insurance Regulation will conduct a virtual rate hearing this week on a proposed 24.9% rate increase...
Insurance Agents on the Front Line of Florida’s Mounting Property Market Problems March 11, 2021 By Amy O'Connor While carriers face growing financial losses in Florida’s distressed property insurance market, insurance agents are on the front lines trying...
What Stakeholders Are Saying About the Florida Insurance Market March 11, 2021 Florida stakeholders are pushing hard for the Florida Legislature to enact property insurance reforms this year to help the state...