Florida property insurance News

Hurricane Season May be Over, but High Winds Still Lashing South Florida

FORT LAUDERDALE, Fla. (AP) — It’s beginning to look at lot like … hurricane season — at least across much of South Florida, where it’s been windy and rainy for two days and the forecast predicts more of the same …

Real Estate Titans Battle DeSantis Over China Property Crackdown

(Bloomberg) — Ron DeSantis rattled corporate America by making Walt Disney Co. a target of his conservative culture wars. Now, the Florida governor’s campaignto rid the state of Chinese influence is fueling a forceful backlash from big-name investors. A group …

Despite Insurance Costs, Lux Condos Going Up: Miami Tower to Have $150M Penthouse

(Bloomberg) — A roughly 13,000-square-foot, full-floor penthouse and roof at the Rosewood Residences, a 17-story condo tower designed by Peter Marino in Miami’s South Beach, could soon be the most expensive in Miami Beach’s history. It’s priced at “over $150 …

Is Miami-Dade, Once the Leader in Strong Building Requirements, Now Out of Step?

Editor’s note: For almost three decades, Florida contractors and building officials have operated under two different building codes: One for most of the state and another for the southeastern corner – Miami-Dade and Broward Counties, known as the High Velocity …

Collab with Claims Handling is Key to Success for Insurance Defense Litigation

Navigating insurance defense litigation is a complex and often challenging process. Understanding the roadmap and important rules along the way ensures a smoother and more successful path. It is crucial for claims handlers and defense counsel to work together to …

More SE Houses Being Built to Withstand Hurricanes – and Cut Emissions

When Hurricane Michael hit the Florida Panhandle five years ago, it left boats, cars and trucks piled up to the windows of Bonny Paulson`s home in the tiny coastal community of Mexico Beach, Florida, even though the house rests on …

Florida Residents Worry About More Burglaries After Looters Post-Storm

HORSESHOE BEACH, Fla. (AP) — Two people were charged with looting a home damaged by Hurricane Idalia in Florida`s Big Bend region, as residents` concerns grew that burglars could be tempted to hit other hurricane-ravaged homes since law enforcement is …

Data Call: Florida OIR Wants Idalia Claims Info Daily Through Sept. 6

The Florida Office of Insurance Regulation is reminding property insurers that they must report Hurricane Idalia claims information daily, starting Friday. The data should be submitted by noon Eastern time, every day, including Saturday and Sunday, through Sept. 6, the …

AAA Is Not Exiting Florida But Will Non-Renew ‘Small Percentage’ of Policies

The Auto Club Insurance Company (AAA) of Florida has announced that it will not renew a “very small percentage” of auto and home insurance package policies in Florida. But, the insurer stressed, it is not leaving the state — it’s …

Florida Insureds Can’t Force Interest on Late Claims Payments, Courts Say

Two back-to-back federal court decisions may have dealt a lethal blow to recent proposed class actions that sought interest on property insurers’ late claims payments. But the rulings have left some insureds and their attorneys feeling that they’re seeing another …