News & Updates

Homeowner’s Insurance

Market Showing Improvement in Small Steps

Market Showing Improvement in Small Steps

| Written By: Travis Miller | Insurance

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 […]

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Hurricane Season Begins with Prediction of Above-Average Activity

Hurricane Season Begins with Prediction of Above-Average Activity

| Written By: Travis Miller | Insurance

As the 2021 hurricane season begins, forecasters look for this year to bring an above-average level of tropical activity.  Just this week, the Tropical Meteorology Project in the Department of Atmospheric Science at Colorado State University (CSU) updated its projections and continues to believe this year will produce an above-average number of storms.  Its forecast […]

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Flood Disclosure Adjustment Continues to Move

Flood Disclosure Adjustment Continues to Move

| Written By: Travis Miller | Insurance

A second Senate committee has approved an adjusting to existing law relating to flood insurance disclosures.  Last year, the legislature adopted a requirement for all homeowners’ policies to state that they do not cover flood damage.  Unfortunately, there is no exception in the current law for policies that actually do contain flood insurance in the […]

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