Prepared Insurance of Florida to be Acquired by Lighthouse Property Insurance Corp. March 16, 2020 By Amy O'Connor Lighthouse Property Insurance Corp. plans to acquire its sister carrier, Prepared Insurance Company (Prepared), from Prepared Holdings Group. Lighthouse is...
Windhaven Insurance Ceasing Operations, Assets to be Auctioned Off February 27, 2020 By Amy O'Connor Auto and home insurer Windhaven Insurance has alerted its agents and employees in Florida that it is winding down the...
AM Best: Florida Insurers Brace for Challenging June Reinsurance Renewals February 11, 2020 Although the 2019 hurricane season did not have a significant impact on Florida, loss creep from prior storms continues to...
Rehabilitation of Florida Insurer Windhaven Deemed ‘Useless’; Judge Orders Liquidation January 7, 2020 By Amy O'Connor Plans to rehabilitate Florida auto insurer Windhaven Insurance Co. have been deemed “useless” and the company will instead be liquidated....
Citizens to Evaluate Policyholder Count as Florida Market Conditions Tighten December 20, 2019 By Amy O'Connor Florida’s insurer of last resort Citizens Property Insurance Corporation will make shrinking its policyholder count a priority next year, despite...
Florida Auto Insurer Windhaven Placed Into Rehabilitation December 17, 2019 By Amy O'Connor The future of another Florida domestic insurer is now in the hands of state regulators. Non-standard private passenger auto insurer...
New AAIS Florida Homeowners By-Peril Program Approved by State Regulator April 26, 2019 AAIS (the American Association of Insurance Services) has received approval for its new Florida Homeowners By-Peril Insurance Program from the...
Florida’s Ex- Commissioner McCarty Says Banks ‘Need Skin In’ Mitigation Game May 8, 2018 By Amy O'Connor Policymakers need to find a way to get banks involved in property mitigation if Florida is to improve its hurricane...
Assignment of Benefits Abuse Tops Florida News for 2017 December 29, 2017 By Amy O'Connor Florida’s ongoing battle with assignment of benefits (AOB) claims abuse was not a new topic in 2017, but it was...
Florida Insurance Regulator Launches New Information Subscription Service October 19, 2017 The Office of Insurance Regulation (OIR) has introduced a new subscription service where consumers and other interested parties can sign...