Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased co...
Fla. litigation reforms help curb reinsurance shortage at June 1 renewals
Legal reforms in Florida aimed at curbing claims litigation prevented reinsurers from pulling more property-catastrophe coverage from the market at the upcoming...
Legal reforms in Florida aimed at curbing claims litigation prevented reinsurers from pulling more property-catastrophe coverage from the market at the upcoming...
Article / 11 months ago
NAIC meeting: Regulators talk 2023 goals, national flood plan, algorithmic bias
Florida Insurance Commissioner David Altmaier speaking during the recent NAIC 2022 fall meeting. Altmaier resigned last week amid continued chaos in the state's...
Florida Insurance Commissioner David Altmaier speaking during the recent NAIC 2022 fall meeting. Altmaier resigned last week amid continued chaos in the state's...
Article / 1 year ago
Hurricane Ian exacerbates misery for Florida's tired P&C players
The devastation of Hurricane Ian has added to the financial strain under which the carriers that constitute the troubled Florida domestic residential insurance...
The devastation of Hurricane Ian has added to the financial strain under which the carriers that constitute the troubled Florida domestic residential insurance...
Article / 1 year ago
California wildfire regs put spotlight on discounts, mitigation pricing
Dry grasses surround a sign in Kagel Canyon near Los Angeles that encourages homeowners to clear vegetation that could fuel a wildfire from around their...
Dry grasses surround a sign in Kagel Canyon near Los Angeles that encourages homeowners to clear vegetation that could fuel a wildfire from around their...
Article / 1 year ago
Fla. property insurers' woes extend beyond ratings downgrades
Florida property and casualty insurers will continue to face a myriad of challenges despite the sudden creation of a temporary reinsurance program...
Florida property and casualty insurers will continue to face a myriad of challenges despite the sudden creation of a temporary reinsurance program...
Article / 2 years ago
Florida property insurers wrestle with lower capacity, higher reinsurance costs
Major reinsurers are limiting their exposure to the turbulent Florida property market. In 2021, Florida primary carriers ceded $462.9 million to Berkshire Hathaway...
Major reinsurers are limiting their exposure to the turbulent Florida property market. In 2021, Florida primary carriers ceded $462.9 million to Berkshire Hathaway...
Article / 2 years ago
Fla. lawmakers seeking new ways to curb wave of litigation against P&C insurers
Jeff Brandes, a state senator, said the property insurance situation in Florida has become...
Jeff Brandes, a state senator, said the property insurance situation in Florida has become...
Article / 3 years ago