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Enter the Florida Legislature, which passed a slew of reforms in December 2022 to crack down on litigation costs and limit the state's involvement in the property insurance market, including a ban ...
Since 2017, eleven property and casualty companies that offered homeowners insurance in Florida liquidated. Five of those companies liquidated in 2022, and United Property & Casualty Insurance ...
The reforms put Florida more in line with litigation rules in other states, Friedlander said, and insurance companies are already spending less on defending Florida lawsuits, even if the tort ...
After years of dawdling, the Florida legislature passed a slate of insurance reforms in 2022 and this year, which DeSantis backed and signed. The insurance industry praised the legislation as ...
Despite promises of reform, no significant change has been made. ... Palm Beach Post readers speak out on Florida's property insurance crisis. Soaring property insurance premiums plague many Palm ...
The Florida Insurance Guaranty Association board met on March 31 and filed for an emergency assessment of 1% on all Florida property insurance policies. [32] That is in addition to a 0.7% for 2022, a 1.3% assessment from July 1 2022 to June 30 2023, and another 0.7% ending December 31 2023. [32]
SB 1070/HB 809: Personal Lines Residential Property Insurance Sponsors: Sen. Ileana Garcia, R-Miami, and Rep. Alina Garcia, R-Miami Like SB 802/HB 655, this proposal would reduce premiums by ...
The Florida Legislature passed sweeping changes to the state’s property insurance laws on Wednesday. Legislature passes insurance reforms, but that doesn’t mean your policy price drops Skip to ...