As insurance costs rise, Florida homeowners are given a new option
Insurance Regulatory News, homeowners, property and casualty insurance, property insurance, Florida Legislature
News & Updates
Florida Legislature
Legislature Increases Frequency and Detail of QUASR Reporting
Will the reporting system we’ve known for decades as “QUASR” get a new name? After all, the name is shorthand for the quarterly supplemental reporting requirement by which insurers have provided information, on a quarterly basis and at the county level, about the number of policies they have written, canceled and nonrenewal. However, in the […]
Legislature Passes Short-Term Premium Tax Relief
As the 2024 legislative session neared its close, the Florida legislature passed temporary premium tax relief on policies covering residential homestead property as part of House Bill 7073 (HB 7073). The bill will result in savings to consumers as the Florida property insurance market continues to adjust to reforms passed in late 2022 and early […]
Soaring insurance costs also frustrate mobile, manufactured homeowners in Florida
Citizens Property Insurance Corporation, mobile homeowners, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation
Winds of change in lawmaker’s hurricane-related proposal
Citizens Property Insurance Corporation, 2024 Legislative Session, HB 1213, hurricane coverage, Florida property insurers, wind-only, Insurance Regulation News, Florida Legislature
Editorial: Is Florida’s no-fault auto insurance in danger?
no fault coverage, Insurance Regulation News, PIP, auto insurance, Florida Legislature
Florida lawmakers have ideas to fix the homeowners insurance crisis
Governor Ron DeSantis, Homeowner's Insurance, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation
Market Showing Improvement in Small Steps
Almost a year ago, the Florida legislature passed significant reforms aimed at mitigating concerns in Florida’s residential property insurance market. At the time, the market was characterized by numerous insurer insolvencies, reduced appetites among admitted market insurers, rising rates and increasing reinsurance costs. At the time, policymakers urged patience because it would take months and […]
Special Session Includes Post-Hurricane Relief
The Florida legislature will convene this week in a brief special session addressing a limited number of topics. Among these, the legislature is expected to provide additional relief for areas affected by Hurricane Idalia and increase funding for the My Safe Florida Home program. Hurricane Idalia had a substantial impact on some of Florida’s rural […]
Will they or won’t they? Are lawmakers poised for another round of property insurance changes?
Michael Yaworsky, Insurance Regulation News, Florida Legislature, Office of Insurance Regulation, Citizens Property Insurance Corporation