Hurricane Ian threatens an already wobbly insurance market in Florida
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News & Updates
Florida Legislature
Florida lawmakers expected to OK plan aimed at alleviating state’s property insurance woes
Office of Insurance Regulation, Florida Legislature, Insurance Regulation News, property insurance, Demotech, insurer ratings
Florida Claims Litigation Dropped in July, but AOB Share Continues to Rise
Florida Legislature, Insurance Regulation News, property insurance, AOB Claims
State seeks to scuttle challenge to insurance law that places roofer restrictions
Insurance Regulation News, property insurance, SB 76, roofing claims, Office of Insurance Regulation, Florida Legislature, Insurance Regulation
Lawsuits Target Special Session Reforms
In late May, the Florida legislature passed several measures intended to address continuing concerns with Florida’s residential property insurance market. Lawmakers commented that the new laws will not provide quick fixes; instead, the benefits might take 12-18 months to materialize. Unfortunately, this estimate might prove to be optimistic as two lawsuits have been filed challenging […]
Citizens Property Insurance Policy Count Continues to Increase
Citizens Property Insurance Corporation continues to add policies at an alarming pace at the onset of this year’s Atlantic hurricane season. Citizens recently hit a weekly total of 12,000 new policies as its total policy count approaches 900,000. With Citizens being the largest residential insurer in Florida, its current policy count is much higher than […]
Florida Contractor Group Already Files Suit Challenging New AOB Fee Restrictions
Office of Insurance Regulation, hurricane season, Florida Legislature, Department of Financial Services, Insurance Regulation News, AOB Claims, Florida special session, Insurance Regulation
Florida’s new laws on property insurance and condo safety may not give homeowners relief
Florida special session, Florida Legislature, Insurance Regulation News, property insurance
Florida Insurance Groups Divided on Proposed Special Session Bill
Florida Legislature, Insurance Regulation News, property insurance, homeowners, Florida special session
Gov. DeSantis wants insurance market problems fixed before diving into Citizens
Citizens Property Insurance Corporation, Florida Legislature, Insurance Regulation News, Homeowner's Insurance, Governor Ron DeSantis, Florida special session