Despite IRS Scrutiny, Micro-Captives Growing Like Weeds in Hard Florida Market December 4, 2024 By William Rabb Despite continued uncertainty over the future of federal tax rules on micro-captive insurance companies, the instruments seem to be increasingly...
More Signs of Life in Florida: New Insurers in Market, More Citizens Takeouts August 15, 2023 By William Rabb Florida’s property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens...
Florida’s Universal Profits Are Up as Carrier Sheds Policies, Feels Impact of Reforms July 28, 2023 By William Rabb Efforts by Universal Insurance Holdings, the publicly traded parent company of one of Florida’s largest property and casualty insurers, to...
Florida Reinsurance ‘More Orderly’ as Defense Costs Begin to Ease, Analysts Say May 24, 2023 By William Rabb With the June 1 reinsurance renewals a week away, the outlook for Florida-based property insurers may not be quite as...
Florida Speaker Says Tort-Reform Bill May See Changes Before It’s Approved February 28, 2023 By Insurance Journal Staff Reports A Florida tort-reform bill that picks up where previous insurance-market rescue bills left off has passed its first milestone and...
Florida’s Universal Insurance Bounces Back in Q4 After Hurricane Ian Losses February 27, 2023 By Staff and Wire Reports Universal Insurance Holdings Inc. (UVE), parent company of Universal Property & Casualty Insurance Co., last week reported net income of...
Orderly Runoff Didn’t Work; Florida’s United P&C Now Insolvent, Headed for Liquidation February 20, 2023 By William Rabb Just days after some 90,000 policies from troubled United Property & Casualty Insurance Co. were transferred to Slide Insurance as...