With Florida about to enter peak hurricane season, a state insurance association representing more than a dozen insurers in Florida is hitting back against a recent report from ratings agency Weiss Ratings that identified 10 Florida-based insurers as “weak.” The insurer trade group, the Florida Property & Casualty Association (FPCA), dsiputes the “weak” assessments by [...]
Florida Property & Casualty Association, an association of Florida-based home insurers, is disputing claims made by Weiss Ratings, including that, "Many Florida homeowners are still waiting for their insurance claims to come through after a severe hurricane season last year." Read more from the Jacksonville Business Journal here
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
On the surface, Democratic attorney Carrie Pilon seems to be gaining traction in her Senate District 24 bid, challenging incumbent Republican Sen. Jeff Brandes. Read more from Florida Politics here.
Lawsuits against property and casualty insurers with the largest market shares in Florida increased sharply in the first quarter of 2018 compared with the same period last year, and Hurricane Irma claims are to blame, insurers say. Read more from the Sun-Sentinel here
With over 900 items on the Florida legislative docket and only 60 days to consider them, it’s not surprising that many bills simply die in committee or are never seriously considered. Add to that a tragic event right in the middle of the session and what you get are shifted priorities. What was important becomes [...]