News Source: S&P Global Date Published: August 9th Florida property and casualty insurers will continue to face a myriad of challenges despite the sudden creation of a temporary reinsurance program to aid a host…
Pew Charitable Trusts & U.S Chamber of Commerce Letter
Date Published: August 2nd The Pew Charitable Trusts and the U.S. Chamber of Commerce—together with planners, engineers, developers, and leaders from business associations, local government institutions, the insurance industry, fiscal…
State guaranteeing insurance claims through hurricane season to counter downgrade risk [South Florida Sun-Sentinel]
News Source: Insurance News Net [South Florida Sun-Sentinel] Author: Ron Hurtibise Date Published: July 27th Florida homeowners won’t lose their insurance coverage or face force-placed policies if their insurers lose their financial stability…
Insurance company ratings downgrades delayed, Demotech tells state officials
News Source: Insurance News Net (Florida Sun-Sentinel) Author: Ron Hurtibise Date Published: July 25th A slew of ratings downgrades for Florida-based insurers won’t be happening Tuesday after all. The CEO of Ohio-based Demotech,…
Florida Insurers Face Ratings Change That Could Raise Costs
News Source: NBC South Florida Author: Associated Press Date Published: July 23rd A ratings agency has plans to downgrade more than two dozen Florida-based property insurance companies in a move that could cost…
Neptune Flood announces partnership with SIAA
News Source: Reinsurance News Author: Kassandra Kimenez-Sanchez Date Published: July 20th, 2022 AI-driven flood insurtech Neptune Flood has announced a new partnership with SIAA (Strategic Insurance Agency Alliance), an US alliance…
Florida property insurers file rate reductions with state. But will your premiums fall?
News Source: News 6 WKMG Author: Louis Bolden Date: July 7th A state program created after a special legislative session on property insurance is supposed to pass on savings to consumers. A state…
Governor, Florida Cat Fund Board Agree to Raise Premiums for Insurers
News Source: Insurance Journal Date Published: July 1st Florida property insurers have another cost increase to manage after the Florida Hurricane Catastrophe Fund was approved for a premium increase. The…
FL homeowners face still-rising property insurance premiums; regulators review hefty rate hikes
News Source: Florida Phoenix Author: Laura Cassels Date Published: June 27th, 2022 More increases in property-insurance premiums are in the pipeline for Florida homeowners, whose property-insurance costs already are far above the…