Fort Lauderdale, FL – The Florida Association for Insurance Reform (FAIR) recommends several potential solutions to mitigate recent rate hikes that have stemmed from increases in the severity and frequency…
One of South Florida’s largest property insurance companies has been rebuffed by state insurance regulators for seeking Assignment of Benefits restrictions that were disapproved two years ago. Clearwater-based Heritage Property…
Preparing to leave state government after 28 years, former Florida Insurance Commissioner Kevin McCarty warned that South Florida faces further property insurance rate increases if a solution isn’t found to…
The ability of Florida’s young homeowner insurance companies to manage a large catastrophic hurricane is “uncertain” despite recent strong financial performance, a new Fitch Ratings analysis asserts. The report released…
With property insurance companies blaming a rising tide of water loss claims for rate increases this year, Florida’s insurance consumer advocate has scheduled a public forum next month in Boca…
Florida’s new insurance commissioner has decided to appeal a circuit court ruling allowing State Farm Insurance Co. to opt out of submitting policy-count totals to a publicly available database. Commissioner…
After reducing its policy count by more than two-thirds over the past four years, state-run Citizens Property Insurance Corp. continued to shed its risk load by securing approval this week…
Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean higher insurance rates next year and for the foreseeable future…
Ten years ago, David Altmaier was coaching track and teaching algebra to 9th graders in southern Kentucky. Now at age 34, he is becoming the top insurance regulator in the…
On their third attempt at reaching a consensus, Gov. Rick Scott and the Cabinetagreed Friday to promote a deputy now on staff to the post of Florida Insurance Commissioner. David…