Florida’s insurance market on the verge of failure: Triple-I
Florida’s insurance marketplace has been plagued by extreme levels of fraud and litigation, which is driving the homeowner’s insurance market’s demise in the state, according
News
New estimates show Floridians will pay 3 times as much for homeowner’s insurance
Author: Libby HendrenPublished: 4:22 PM EDT June 24, 2022Updated: 6:58 PM EDT June 24, 2022 ST. PETERSBURG, Fla. — You’ve heard about the property insurance crisis here in
Florida’s property insurers off to a rocky start in 2022
The Florida residential property market remains under pressure as heavy losses continued for many insurers at the start of 2022, according to a review of
Florida contractors group files lawsuit over new property insurance reform
A trade association representing independent contractors that specialize in making storm repairs has filed a lawsuit against a new property insurance reform measure, arguing that
Rating agency says pressures continue for insurers
TALLAHASSEE — The financial-rating agency AM Best said Friday that changes passed during a special legislative session last month “are unlikely to alleviate immediate financial
Property Insurance Reforms Fall Far Short of What is Needed
The Florida Legislature convened for a special session just ahead of Memorial Day to address the deepening crisis in our state’s property insurance industry. However,
Brandes on insurance bill: ‘Too little, too late’
St. Petersburg Sen. Jeff Brandes believes the recently signed property insurance bill could mitigate many of Florida’s problems – if the Legislature passed it in
Florida carriers reliant on reinsurance face “existential challenge” – AM Best
Florida’s primary property insurance carriers that are reliant on reinsurance still face an “existential challenge” as global reinsurance firms remain reluctant to assume risks in
The fix needed for property insurance
Regarding the article “New Property Insurance Rules Approved” appearing in the May 31 edition of the Naples Daily News, it appears the Legislature has tried
Fears mount that many insurers might not be financially prepared for hurricane season, despite reforms
While most Floridians kick off summer by enjoying a long Memorial Day weekend, executives of financially shaky insurance companies will be scrambling to make sure