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Editor’s note: The Florida Legislature’s 2023 regular session concluded May 5, but people in the property insurance industry continue to offer ideas for the state’s distressed market. Here’s one from independent adjuster Ben Mandell. I am an independent insurance adjuster. … It’s Time to...
Petrelli said that after Andrew, the then-commissioner of the Florida Office of Insurance (now the Florida Office of Insurance Regulation) begged Demotech to help the state, and in 1996 he agreed to. “We really stepped up” in a time of need, he said. Michael Yaworsky, the current comm...
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The Office of Insurance Regulation is responsible for regulating and enforcing statutes related to car insurance in the state of Florida. This office is led by the Insurance Commissioner, and the office is also in charge of monitoring all statewide industry markets....
‘Citizens 2.0’ is 86’d but Other Florida Insurance, Liability Bills Still Alive February 20, 2024 A move to revamp the state-backed property insurer of last resort into Florida’s main wind carrier, a plan dubbed “Citizens 2.0,” appears to have died in the Legislature this year. But...
About Florida Peninsula Insurance Florida Peninsula Insurance specializes in providing a range of insurance products within the property insurance sector. The company offers coverage for homes, condos, and rental properties, as well as protection against flood damage, identity theft, and equipment or ser...
Home insurance costs have continued to rise, but industry experts say the state’s insurance market is showing signs of improvement. One way to bring down your home insurance cost in Florida is to lower your risk of hurricane damage. Florida's "My Safe Florida Home" program provides grants ...
McMahon said the industry is dealing with a "whack-a-mole" situation as Florida has experienced several cycles of claims fraud impacting different areas of insurance due to assignment of benefits rules. Assignment of benefits is a mechanism that allows policyholders to sign away to third-party co...