Content from William Rabb
Citizens Adds Thousands of Policies but Has Yet to Complete Reinsurance Needs
Two developments at Citizens Property Insurance Corp. show how tough the Florida market continues to be, even after recent legislative action. At a Citizens Market Accountability Committee meeting ...
High-Speed Lawmaking: Florida Gov Quickly Signs Insurance Reform
Florida Gov. Ron DeSantis signed property insurance and condominium maintenance reform legislation into law Thursday, putting an exclamation point on a whirlwind of lawmaking that began just a week ...
Claims Frequency Up for 2021, but Workers Comp Profitability ‘Unprecedented’
For the first time in more than a decade, workers compensation claims frequency, outside of COVID-19 illness claims, increased in the United States last year. But not to worry, the trend won't last, ...
Special Florida Insurance Session Welcomed, but Will It Come Soon Enough?
Florida's governor has yet to set a date for a special legislative session aimed at the property insurance crisis in the state, but some in the industry, while welcoming the gathering, said it may ...
From Roof Building Codes to ‘Matching’ Limits, Some Changes Underway in Florida
Property insurance companies and roofers in Florida don't often see eye-to-eye. Insurers have frequently blamed unscrupulous contractors for jacking up claims, and roofing companies have sued ...
Another Big Insurer Stops Writing Florida Homeowners
The Florida property insurance market is showing more signs of trouble, with one of the state's largest carriers deciding to stop writing new homeowners business in the state—while also asking for ...
Insurers Making Waves With Wider Use of IoT Leak, Temp Sensors
Wouldn't it be nice if, instead of relying on adjusters and restoration companies to surmise how much damage was actually caused by a water leak, an insurer could stop the leak almost before it ...
Florida Senator Tries Cat Fund Changes to Cut Cost of Property Insurance
Seeing no action on bills that would address Florida's spiraling property insurance problems head-on, one state senator took a different route Thursday and proposed reducing insurers' payments to the ...