Florida Claims Litigation Dropped in July, but AOB Share Continues to Rise
AOB Claims, property insurance, Insurance Regulation News, Florida Legislature
News & Updates
Florida Legislature
State seeks to scuttle challenge to insurance law that places roofer restrictions
Florida Legislature, Office of Insurance Regulation, Insurance Regulation News, roofing claims, SB 76, property insurance, 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
Florida special session, AOB Claims, Insurance Regulation News, Department of Financial Services, Florida Legislature, hurricane season, Office of Insurance Regulation, Insurance Regulation
Florida’s new laws on property insurance and condo safety may not give homeowners relief
Florida special session, property insurance, Insurance Regulation News, Florida Legislature
Florida Insurance Groups Divided on Proposed Special Session Bill
Florida special session, homeowners, property insurance, Insurance Regulation News, Florida Legislature
Gov. DeSantis wants insurance market problems fixed before diving into Citizens
Citizens Property Insurance Corporation, Florida special session, Governor Ron DeSantis, Homeowner's Insurance, Insurance Regulation News, Florida Legislature
Florida insurance bills clear committee, move to Senate
Florida special session, homeowners, property insurance, Insurance Regulation News, Florida Legislature
Effective Dates Key to Special Session Reforms
The Florida legislature has released its multi-faceted proposals for reforming Florida’s property insurance market. The proposed legislation includes temporarily expanding available capacity from the Florida Hurricane Catastrophe Fund, incentivizing loss mitigation through windstorm protective devices, increasing regulatory oversight for distressed insurers, and curbing Florida’s litigation crisis by rebalancing attorneys’ fee incentives. To effectively address Florida’s […]