Citizens’ Cerio Pushes Back Against Senator’s Questions About Insurer’s ‘Solvency’ March 20, 2024 By William Rabb The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial...
Florida Lawmakers Approve Surplus Takeouts but Stop Short on Nonrenewal Limits March 11, 2024 By William Rabb A number of property insurance-related bills were introduced in the Florida Legislature this year – from a fundamental change to...
Florida Condo Mitigation Bill Passes but Other Insurance Bills Uncertain After Changes March 7, 2024 A Florida pilot program to fortify coastal-area condominiums is on its way to the governor but other property insurance bills...
Insurer CEO Warns Limits on Cancellations Will Deter Carriers From Florida Market March 5, 2024 By William Rabb The head of two property insurance companies set to enter the Florida market this year is warning state lawmakers that...
Castle Key Defends 53.5% Condo Rate Hike, Blames Reinsurance, Ian, Rapid Growth February 22, 2024 By William Rabb When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it...
In SW Florida, High Home Insurance Rates Are Driving Away Would-Be Buyers February 14, 2024 By Michael Sasso (Bloomberg) — Florida’s southwestern coast — long one of America’s fastest-growing regions — is losing some of its boomtown swagger...
Castle Key’s 54% Condo Rate Hike Gets Hearing, Showing New Pressures in Florida February 13, 2024 By William Rabb The Florida Office of Insurance Regulation next week will hold hearings on two property insurers’ requests for 54% average rate...
‘My Safe Florida Condo,’ Pet Insurance Bills Passed by Senate Committee February 7, 2024 By Insurance Journal Staff Reports First came the My Safe Florida Home program, providing matching grants to homeowners who fortify their homes against wind damage...
Florida Condos Say They Can’t Get Coverage. House Bill Would Let Citizens Step In January 24, 2024 By William Rabb When a Florida Senate committee last week approved a bill that would raise the policy limit on homes that can...
Fla. Senate Panel Votes to Raise Citizens’ Policy Cap to $1M, End Glidepath for Some January 17, 2024 By William Rabb The Florida Senate’s Banking and Insurance Committee on Tuesday approved a bill that would make the state-backed Citizens Property Insurance...