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Tag: florida insurance market

Florida Insurance Market: Legislation Update

Last week the Florida Legislature passed major insurance reform legislation in a special session. It is too early to predict the long-term results of the law changes. Legal challenges have already been filed. We do not expect any immediate changes in the troubled Florida insurance market. Following is a summary of the significant items and Learn More “Florida Insurance Market: Legislation Update”

Florida Homeowners Insurance Crisis Worsens

For two years we have written about the worsening Homeowner Insurance Crisis in Florida. We advised that premiums would increase – they have exploded. We warned that underwriting standards would tighten – they are now onerous. We predicted insurance companies would fail – two domestic carriers were placed in receivership in the past ten Learn More “Florida Homeowners Insurance Crisis Worsens”