Last two weeks were not any better than the previous months. While the new legislation is settling, the damage prior to the legislation is still hurting the few remaining insurance carriers.

🟡 VYRD Insurance Limiting new policies to a few zip codes. Total value of the accepted policies are decreased too.

🟡 kin. Insurance Kin has secured ...

UPC Insurance Insolvency

United Property & Casualty Insurance Company (UPC) of St. Petersburg has become the seventh Florida domestic insurance company to become insolvent in the past 13 months. UPC went into a regulated policy run-off this past December with another carrier picking up 72,000 of its 135,000 policies since then. But ...

It's not getting any better unfortunately. Recently we have received this news.

“The entire industry is experiencing significant cost pressures,” due to more-frequent storms and higher cost of repairs, reads the bulletin from Caren Latona, Allstate’s Central East Zone sales director, and Shannon Bauer, Southeast regional sales ...

Sometimes there are options that allows managing the insurance premiums without sacrificing on coverage.

Every week we receive several Home owners insurance inquiries from mortgage brokers and real estate agents. If you are a real estate agent or a mortgage broker, the goal is the same. You are trying to make sure that your client is getting ...

Florida property insurance companies, their policyholders, and repair contractors are starting the New Year with a new law designed to reform an out-of-control marketplace. The Florida Legislature in December passed comprehensive measures to stem high insurance and reinsurance rates, carrier insolvencies, inflated claims, excessive litigation, and ...

Governor DeSantis signed the special session legislation today that will dramatically increase the number of flood insurance policies in Florida.

The chart below is showing the effective dates for various locations.

The House has passed SB 2A and the bill is now on its way to Governor DeSantis’ desk for signature!

Today, the Florida Legislature passed SB 2A, Property Insurance, which brings comprehensive reform intended to further stabilize Florida's property insurance market. Thank you to Senator @JimBoydFL & Representatives @leek_tj & @bob_rommel ...

House Bill 1A is being discussed in Tallahassee

SUMMARY ANALYSIS

The bill makes changes regarding property insurance, including:

Attorney Fees – eliminates one-way attorney fees in suits arising in residential or commercial property insurance.

Assignment of Benefits (AOB) ...