Is the Broken Florida Homeowners Insurance Market Finally Fixed?
Between 2017 and 2022, 11 property and casualty insurers writing mainly homeowners insurance in Florida, where they were domiciled, were declared insolvent and placed in ...
Florida special session News
Independent Adjusters Charge Florida Insurers With Doctoring Damage Estimates
Do some Florida property insurance companies hire independent adjusters to inspect property claims, then routinely alter their inspection reports to reduce estimated ...
Florida Senate Committee Passes Reform Bill; Would Make Citizens’ Rates ‘Noncompetitive’
A Florida Senate Committee spent about two hours Monday reviewing a sweeping property insurance reform bill before approving it along party lines — with no ...
Florida Bills Offer Broad Attack on Insurance Costs: Legal Fees, AOBs, Reinsurance
After years of what some insurers have labeled half-measures, Florida lawmakers appear to be on the cusp of delivering "historic" and "transformational" reforms that ...
Without Reforms, More Florida Insurers Will Go Kaput: AM Best
Late last week, AM Best published a commentary ahead of this week's special legislative session in Florida predicting that "without immediate and substantive long-term legislative reforms," further ...