Florida Property & Casualty Association (FPCA) News

Florida Officials Say Insurers Not Doing Enough to Settle Hurricane Michael Claims

It’s been just over a year since Hurricane Michael made landfall in the Florida Panhandle, devastating the region as a Category 5 storm with 161-mph winds and causing more than $7.2 billion in estimated insured losses, according to the Florida …

How Daubert Standard Could Impact Florida Industry, Judicial Climate

The Florida Supreme Court has reversed a prior court’s decision to use a nearly 100-year-old standard on expert witness testimony and instead adopted stricter federal standards currently used by a majority of states. The court, which turned over in January …

Ratings Agency Ignites Controversy Over Financial Strength of Florida Insurers

With Florida about to enter peak hurricane season, a state insurance association representing 15 insurers in Florida is hitting back against a recent report from ratings agency Weiss Ratings that identified 10 Florida-based insurers as “weak.” The insurer trade group, …

Update: Insurance Industry Preparation for Hurricane Irma in Full Swing in Florida

Insurers are taking no chances in preparing for Hurricane Irma as the powerful category 5 storm slogs its way through the Caribbean, devastating the communities left in its wake on its potential path towards the U.S. Insurers made a full …

Commentary: Florida’s Failure to Pass AOB Reforms Will Impact State Insurance Market

Following the 2016 Florida Legislative Session’s failure to pass essential assignment of benefit (AOB) reforms, the insurance industry and Citizens Property Insurance Corp. are working in tandem with the Florida Office of Insurance Regulation (OIR) to find workable administrative measures …