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Recent legislation will not magically bring insurance companies back to the market overnight, but it can bring short-term relief and long-term stability.
Policyholders with first quarter renewals are seeing significantly higher rates compared with the year prior.
Insurance reforms passed in 2022 are a 'game changer' for Florida's market and helped move the needle on this deal, Slide CEO tells PC360.
Under the new law, insurers will be protected from excessive jury awards in lawsuits involving property damage or personal injury.
State lawmakers will look at a "kitchen sink of options" to stabilize the market during a December special session.
Florida politicians have referred to Demotech as a 'rogue agency.' Review how the rating agency works and why it has so much sway in Florida.
Florida's insurance commissioner claims there are discrepancies between Demotech's recent decisions and its published rating methodology.
Tactics used by unscrupulous contractors allegedly trick homeowners into giving up certain rights under their insurance policy.
A $2B reinsurance program shows commitment from the state, but fails to address capacity challenges, AM Best reports.
Southern Fidelity, which has 78,000 policies in Florida, had failed to secure reinsurance for the 2022 hurricane season.
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