Latest Florida Headlines
All the headlines from our Florida Topic Page, ordered by recency.
Florida to Hold Hearing on Proposed National Specialty 24.9% Rate Increase
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...
Insurance Agents on the Front Line of Florida’s Mounting Property Market Problems
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,...
Citizens’ CEO: Florida Property Insurance Market is Shutting Down
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...
Applied Underwriters Acquires Florida Casualty Insurance Co.
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,...
Bills Regulating Social Media Advance in Florida Legislature
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...
Florida Insurers Sustain ‘A’ Ratings, For Now, As 2020 Industry Losses Top $1.5B
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...
Florida Sheriff Accused of Violating Civil Rights through Intel Program
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...
Florida Senate Weighs Legal Immunity Against COVID Lawsuits
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...
Cantor to Take Over as CFO for Florida Peninsula as Lattanzio Retires
Mar 15 2021 // The Florida Peninsula Insurance family of companies announces the retirement of their chief financial officer, Francis L. Lattanzio. Francis L. Lattanzio Lattanzio is a co-founder of Florida Peninsula Insurance Co. and has...
Florida Regulator to Hold Hearing for Proposed Citizens’ Rate Increases
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...
Insurance Agents on the Front Line of Florida’s Mounting Property Market Problems
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,...
What Stakeholders Are Saying About the Florida Insurance Market
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...
New Initiative by Florida’s Insurance Consumer Advocate Targets Contractor Fraud
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,...
Florida House Approves COVID Liability Shield for Businesses
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...
Demotech: Investor Interest in Florida Will Diminish Without Legislative Action
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...
‘Desperate’ Times: Stakeholders Urge Florida Lawmakers to Enact Insurance Reform
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...
Security First Insurance of Florida Appoints Nationwide’s Moraski as VP of Claims
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...
Florida Legislative Session 2021: Insurance Bills to Watch
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...
Florida’s TypTap Attracts $100M to Expand Nationally in Flood, Homeowners Insurance
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...
Florida Lawmakers Unveil $100M Plan to Tackle Climate Change, Sea Rise
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...
