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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

South Florida P/C Insurance Agent Charged With Swiping $131,000 in Premiums

A south Florida insurance agent has been charged with absconding with more than $130,000 in premiums, leaving property owners uninsured after Hurricane Ian. Naser Al-Sweity,

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November 3, 2023 No Comments

Lighthouse Insurance Misled Hedge Funds Before it Collapsed in 2022, Lawsuit Claims

A Florida lawsuit brought by private equity fund Fortinbras Enterprises and three others charges that Lighthouse Property Insurance Corp. executives concealed the extent of underwriting

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November 2, 2023 No Comments

As Natural Disasters Get Worse, So Do Home Insurance Premiums

U.S. insurers paid out $99 billion in weather-related claims in 2022, according to a recent study. So they’re passing along more of the cost. As

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November 1, 2023 No Comments

Florida Senator Raising Eyebrows with Pitch for Investment in New Insurance Company

Florida state Sen. Joe Gruters, R-Sarasota, has sparked some controversy by pitching investment opportunities in a startup property insurance company in Florida. This may be

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October 31, 2023 No Comments

Universal Ready to Add Florida Policies Again, Contemplates Potential Rate Cuts

Universal Insurance Holdings, after discontinuing more than 160,000 policies over the last two years, now sounds like it’s ready to start growing again in its

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October 30, 2023 No Comments

Florida Special Session Called to Punish Iran…and Help Floridians with Wind Mitigation

Florida lawmakers have agreed to convene in another special session – the sixth in three years – this time to sanction the country of Iran

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October 24, 2023 No Comments

2023 to Test Recent Growth in Private Flood Insurance Market

The private flood insurance market has been growing but 2023 may provide a real test following Tropical Storm Hilary in California, as well as future

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October 20, 2023 No Comments

Florida property insurers face ratings downgrades

Looming ratings downgrades for six to eight Florida-based property insurers could affect about 250,000 policyholders statewide, forcing some to find new insurers, according to sources familiar

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February 20, 2017 No Comments
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