Tallahassee, FL – Florida homeowners should beware of a recent press release by Weiss Ratings that contains misleading information about the financial stability of our state’s homeowner’s insurance companies. This is simply not the truth. The Florida Property & Casualty Association (FPCA) wants all homeowners in our state to rest assured that Florida home insurance [...]
We appreciate the Herald’s efforts to educate its readers on the financial health of the state’s home insurers (“Now is the time to evaluate your hurricane insurance. It isn't as simple as you think,” June 18). However, the story is based on a press release by Weiss Ratings, an organization that markets high-priced investment newsletters [...]
Hurricane Irma’s claims in Florida are still climbing to nearly $10 billion and nearly 10 percent are not closed, but the 2018 hurricane season barged right in anyway. It could not even wait until its official start date of June 1 to generate a named storm, Alberto. Read more from the Palm Beach Post here
Hurricane Irma-related lawsuits surged at Citizens Property Insurance Corp. early this year, representing a nearly 50 percent increase in the company’s litigation load compared to the same period in 2017. Read more from Florida Politics here
Reinsurance rate increases at the June 1 Florida property-catastrophe renewal missed early expectations, JLT Re, a unit of Jardine Lloyd Thompson Group P.L.C., said Friday, coming in at low single digits. Read more from Business Insurance here