Category: Florida News

SEPTEMBER 2018 Florida Insurance Matters is a monthly update on Florida insurance-related legal developments by the Colodny Fass Insurance Litigation Practice, recently recognized as the Insurance Litigation Department of the Year in South Florida by the Daily Business Review. About …

July 2018 Here’s your update on Florida insurance-related legal developments from the Colodny Fass Insurance Litigation Practice. Florida Insurance Matters is a monthly update on Florida insurance-related legal developments by the Colodny Fass Insurance Litigation Practice, recently recognized as the …

Cost savings in two Florida funds paid into by workers’ compensation carriers are expected to equal a nearly $20 million reduction in expenses for insurers operating in the state next year, according to a statement from the Florida Department of …

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 …

Moody’s Investors Service announced it is upgrading the state of Florida to its highest credit rating, citing “sustained” improvement in the state’s economy and a “proven track record of rebounding from severe weather events.” The ratings agency said Thursday that …

Citizens Property Insurance will delay any decision on 2019 rate increases until December, with officials saying they want to assess the impact of a new program designed to curb the cost of non-weather water claims. The Citizens Board of Governors, …

Citizens Property Insurance Corp., the Florida state-run insurer of last resort, has devised a new policy requiring lobbyists seeking to lobby the insurer to register via a new online registration system. The new corporate policy comes in response to a …

Unless the state Legislature implements restrictions on assignment of benefits (AOB) agreements between property owners and contractors, Florida’s publicly owned property insurer could be litigated into imposing “dramatic” rate hikes on nearly a half-million homeowners. Citizens Property Insurance Corporation President …

Citizens Property Insurance is poised to delay a 7.9 percent rate increase for policyholders, after some board members suggested Tuesday another rate hike may be too soon following a May 1 increase. The Citizens Board of Governors, which oversees the …

State-owned Citizens Property Insurance Co. is once again seeking to increase annual rates by about 10 percent — the maximum allowable by state law — while blaming “skyrocketing nonweather related water loss claims in South Florida.” Yet according to Citizens’ …