All the headlines from our Florida Topic Page, ordered by recency.
Mar 22 2021 // The Florida Office of Insurance Regulation will conduct a virtual rate hearing this week on a proposed 24.9% rate increase filed by National Specialty Insurance Co. for its homeowners multi-peril lines of business.Velocity...
Mar 22 2021 // While carriers face growing financial losses in Florida’s distressed property insurance market, insurance agents are on the front lines trying to help their clients who are being hit with double-digit rate increases,...
Mar 19 2021 // Florida’s insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new policies flood into it each week and the private homeowners insurance market continues...
Mar 18 2021 // Florida Casualty Insurance Co. (FCIC), formerly Ashmere Insurance Co., has been acquired by Applied Underwriters and will become part of Applied’s national and international development plan. The newly re-branded,...
Mar 17 2021 // Florida lawmakers plunged deeper Monday into the politically fraught task of attempting to regulate social media and other Big Tech companies, which some Republicans accuse of bias against conservatives.The House...
Mar 17 2021 // Ratings agency Demotech has affirmed the ‘A’ ratings of the Florida homeowners carriers it rates, which account for approximately 66% of the state’s market, after review of 2020 year-end and projected Q1...
Mar 16 2021 // A federal lawsuit contends that a Florida sheriff is violating people’s rights through an intelligence-based policing program that improperly targets and harasses them. The sheriff rejects those claims.The lawsuit...
Mar 16 2021 // A measure that would shield businesses from COVID-related lawsuits could make it before the Florida Senate later this week, providing another key test for a measure that supporters assert will protect against frivolous...
Mar 15 2021 // The Florida Peninsula Insurance family of companies announces the retirement of their chief financial officer, Francis L. Lattanzio.Lattanzio is a co-founder of Florida Peninsula Insurance Co. and has served as CFO since...
Mar 12 2021 // The Florida Office of Insurance Regulation will conduct a rate hearing on Monday, March 15 on proposed rate increases from Citizens Property Insurance Corp.The hearing will be held virtually at 9 am EST and will include...
Mar 11 2021 // While carriers face growing financial losses in Florida’s distressed property insurance market, insurance agents are on the front lines trying to help their clients who are being hit with double-digit rate increases,...
Mar 11 2021 // Florida stakeholders are pushing hard for the Florida Legislature to enact property insurance reforms this year to help the state address what has been deemed a market crisis. Read on for what everyone from the...
Mar 9 2021 // In an effort to educate consumers about contractor fraud schemes that are contributing to increased insurance rates, Florida’s Insurance Consumer Advocate (ICA) Tasha Carter has launched a new educational initiative,...
Mar 9 2021 // Florida businesses would be protected from coronavirus lawsuits if they made a good effort to follow guidelines to prevent the spread of COVID-19 under a bill passed by the House on Friday.The House also passed a bill that...
Mar 5 2021 // As the first insurer rating agency to review and rate independent, regional and specialty insurers, we have a unique understanding of niche markets and serve as a trusted resource to third parties seeking to utilize...
Mar 4 2021 // It’s the start of another Florida Legislative Session with a familiar theme — insurers pushing for reforms they say are needed to help the state’s distressed insurance market. Only this year the need is more...
Mar 3 2021 // Florida-based homeowners insurance provider Security First Insurance has appointed Greg Moraski as vice president of Claims.Moraski will oversee the company’s claims department, which includes specialized areas such...
Mar 3 2021 // The Florida insurance industry will be fighting for property insurance reforms in the 60-day legislative session that kicked off this week, but there are several other insurance-related bills to watch.Read on for a...
Mar 2 2021 // TypTap, a five-year old Florida-based writer of private market homeowners and flood insurance, has attracted $100 million in financing from investment firm Centerbridge Partners.The company plans to use the money to expand...
Mar 1 2021 // Low-lying Florida, surrounded by the sea, is one of the most vulnerable U.S. states to ocean level rise driven by climate change. State Republican legislative leaders on Friday announced a $100 million-a-year plan to...