More frequent, more severe storms are primarily to blame for Florida’s crumbling property insurance business, exploding premiums, and policy cancellations: among all 50 states, the
June 1 is the start of hurricane season. It’s also a deadline for Florida property insurance companies to get their reinsurance in place. What’s happening: Insurance
Chief Financial Officer (CFO) Jimmy Patronis announced the arrest of a Southwest Florida resident on charges of Worker’s Compensation Fraud and Unlicensed Contracting During a
Just as the plaintiffs’ law firm of Morgan & Morgan warned, the number of Florida lawsuits filed across the state has shattered previous records, topping
Catastrophe reinsurance providers hold most of the cards for the impending Florida renewals at June 1st, with even legislative efforts to improve the situation “missing
Even after lawmakers pulled the plug on litigation incentives that Florida property insurers have long blamed for rising homeowner rates, there’s more insurance sticker shock
Analysts at insurance research firm ALIRT have warned that insurers in the Florida market face a “no-win situation” when they come to renew their reinsurance
Reforms put in place in the closing weeks of 2022 and proposed in the first quarter of 2023 suggest Florida is now quite serious about
With the Florida legislative changes passed in December – prohibiting assignments of benefits and one-way attorney fees – there is now an opportunity to change
