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The annual profit margins of insurance companies are getting squeezed, even as premiums are going up for products like home insurance.
The elimination of one-way fee shifting will impact many first-party claims brought by homeowners that involve amounts less than $50,000.
Impacted vehicle owners are facing higher premiums and longer repair times.
The state's insurer of last resort is a measuring stick for the health of the private insurance market.
The Restoration Association of Florida and Florida Premier Roofing say a requirement for scaling back roof-damage claims is unconstitutional.
An assignment of benefits permits a third party to go after the insurer for payment, but homeowners don't always realize what signing an AOB means.
In a new report, AM Best pointed to remaining questions about how law changes will affect reinsurance.
Hurricane Ian, a Category 4 hurricane, made landfall Sept. 28, 2022, in Southwest Florida and crossed the state.
Going forward, state lawmakers must prioritize forward-looking solutions to forestall future crises before they begin.
Under the new law, insurers will be protected from excessive jury awards in lawsuits involving property damage or personal injury.