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Is Miami-Dade, Once the Leader in Strong Building Requirements, Now Out of Step?

Miami-Dade is the Weak Link in Florida’s Roof Underlayment Requirements The Florida Roofing and Sheet Metal Contractors Association (FRSA) has been at the forefront in

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November 17, 2023 No Comments

What to Expect: ‘No Material or Sudden Changes’ in Commercial Insurance Pricing

Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes in the pricing for commercial

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November 16, 2023 No Comments

Florida OIR Approves Record Workers’ Comp Rate Cut, Despite Roofers’ Concerns

The Florida Office of Insurance Regulation and the state insurance commissioner have approved a 15.1% average decrease in workers’ compensation rates, despite calls from roofing

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November 15, 2023 No Comments

American Coastal, Once Affiliated with UPC, Has Buyer for Interboro in New York

American Coastal Insurance Corp., formerly affiliated with Florida-based United Property & Casualty Insurance, announced it has a cash buyer for Interboro Insurance Co. in New

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November 14, 2023 No Comments

Markets/Coverages: Florida Citizens Taps Verisk Aerial Imagery for Underwriting

Verisk, a global data analytics and technology provider, announced that Citizens Property Insurance Corp., the residual, not-for-profit insurer in Florida, will adopt Verisk’s aerial imagery

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November 13, 2023 No Comments

Home Insurance Is Getting Trickier. Here’s How to Optimize Your Coverage.

The insurance industry is reacting to natural disasters by raising rates, reducing coverage and exiting some markets entirely. In 2016, when Shawn Loht bought his

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November 10, 2023 No Comments

Florida’s HCI Group Rebounds: Q3 Profit, Fewer Policies, Lower Litigation Costs

Tampa-based HCI Group, the holding company for Homeowners Choice and TypTap property insurance companies, reported a $15.7 million net income in the third quarter, a

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November 9, 2023 No Comments

Life After Runoff? Anchor Insurance Exploring ‘Possibilities’ in Warming Florida Market

It’s rare for a property insurance company to emerge from an orderly runoff and re-enter the marketplace as a going concern. In fact, it has

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November 8, 2023 No Comments

Deadline for More Enhanced Hurricane Idalia Claims Data is Nov. 16

The Florida Office of Insurance Regulation wants property insurers to remember that another deadline for enhanced catastrophe reporting on Hurricane Idalia claims is Nov. 16.

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November 7, 2023 No Comments

After Raising Premiums, Shedding Policies, Heritage Reports a Smaller Net Loss for Q3

Heritage Insurance Holdings, parent company of Florida’s 10th-largest property insurance company, reported a net loss of $7.4 million for the third quarter of 2023, a

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November 6, 2023 No Comments
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