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The sector's success is largely pegged to a favorable pricing environment and growing demand from hard to place risks.
Citizens is expected to hit 1.7M policies with $654B in total insured value by the end of this year.
Florida insurance attorneys say new laws add insult to injury as premiums see double-digit increases.
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.
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.
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.
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