Universal Says it Completed Reinsurance Program With Only a Slight Bump in Cost June 3, 2024 Universal Insurance Holdings, the publicly traded parent of one of Florida’s largest property insurers, said it has completed its reinsurance...
‘Cautiously Optimistic’ on Florida: Defense Costs Down, but Reinsurance Still a Drag May 31, 2024 By William Rabb Analysts with the AM Best financial rating firm and other stakeholders are cautiously optimistic about the resurrection of the Florida...
Florida Agents Will Soon Need Three Appointments Before Selling Citizens May 23, 2024 By William Rabb Starting July 1, Florida insurance agents must have at least three appointments with authorized carriers before they can sell policies...
Florida’s 125% Surge in Property-Insurance Bills Sows Havoc May 20, 2024 By Lauren Coleman-Lochner For Filicia Porter, the insurance bills were the final straw. They’d been climbing steeply for her assisted-living business as Florida...
After Two Years in the Eye of the Storm, Neal Steps Down From FIGA. Brown Up Next May 20, 2024 By William Rabb Corey Neal took over as executive director of the Florida Insurance Guaranty Association in early 2022, at the height of...
Security First Touts 5% Rate Decrease for HO-3, Renters Policies in Florida May 17, 2024 Citing the stabilizing impact that legislative reforms have had on the Florida market, Security First Insurance Co. executives this week...
DeSantis, Amid Criticism, Signs Bill Making Climate Change Less of a Priority May 17, 2024 TALLAHASSEE, Fla. (AP) — Climate change will be a lesser priority in Florida and largely disappear from state statutes under...
Greater Chance of Major Hurricane on East Coast This Year, Less in Gulf, Scientist Says May 17, 2024 By William Rabb Multiple computer models from forecasting organizations across the globe have predicted a very active hurricane season starting next month, spelling...
Florida OIR Fines Heritage P&C $1M for Ian Claims Issues May 13, 2024 By William Rabb The Florida Office of Insurance Regulation in recent weeks has fined five property and casualty insurers, including Heritage Property &...
Florida’s HCI Group Reports Another Healthy Quarter May 10, 2024 TAMPA, Fla. (AP) — HCI Group Inc. (HCI) on Wednesday reported first-quarter profit of $47.6 million, which follows a $38...