Category Archives: Florida Legislation

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…

‘This is not a survivable market.’ Insurance crisis hits Fla.

News Source: Climate Wire Author: Thomas Frank Date Published: June 22, 2022 Three years ago, FedNat Insurance Co. decided it was smart business strategy to expand deeper into the South to diversify…

Has your house or apartment flooded before? In Florida, good luck finding out

Has your house or apartment flooded before? In Florida, good luck finding outAs an unnamed storm drenched Miami-Dade earlier this month, some people were shocked to find themselves suddenly sloshing…

After a flood, renters have few options for help in Miami-Dade.

News Source: Miami Herald Author: Alex Harris & Anacaona Rodriguez Martinez Date Published: June 20 Nora Trujillo ticked off the losses from the flood on her fingers: a computer, a…

Florida Plaintiffs Claim Victory after Dropping Suit to Block SB 76’s Solicitation Ban

News Source: Insurance Journal Author: William Rabb Date Published: June 14th, 2022 When the Florida Legislature approved Senate Bill 76 last year, with its restrictions on homeowner solicitation by roofing…

FL’s insurer of last resort faces hurricane season with shortfall of reinsurance coverage

News Source: Florida Phoenix Author: Laura Cassels Date Published: June 14th, 2022 Like some private insurers, Florida’s state-run property insurance corporation has been unable to acquire all the reinsurance coverage it needs to…