With the [TICK] downgrading of an additional two property insurers last week, [TICK] the Florida market is becoming increasingly more volatile. [TICK] How much longer until the flagrant abuse plaguing the system makes it implode? [TICK]...💥#FlaPol
https://t.co/YOwk2EnfcC
Brandes called the bill “too little, too late” and said it is not nearly enough to help #Florida’s consumers. He said the biggest challenge in Florida is fraudulent roof claims, and the solution is realigning incentives. https://t.co/l0ZLcDVLAq
FedNat and associated companies will shed almost 70k polices in the next few weeks (just as hurricane season begins) according to consent order filed with OIR yesterday.
As we continue to navigate through uncertain times, remember to keep your eyes, ears, hearts, and minds open. You never know what you may learn. #mondaymotivation https://t.co/nsPtaAQKPa
Florida had over 100,000 lawsuits filed against home insurance companies. The average in other states is a fraction of that, approximately 1,000 lawsuits. Rates are now going up 30-100%
“I think it’s imperative that the governor call a special session… https://t.co/NrHvdeoqxY
How high will rates for Floridians have to go before the legislature acts. Time for @GovRonDeSantis to throw down the guantlet and demand legislature fix this insurance train wreck. #FL#sayfie
The @JeffreyBrandes alumni association. Senator Brandes is a legend. He will be missed in the Legislature but his impact on public policy is just beginning. #FlaPol
Ratings agency Demotech has signalled that six more regional US carriers could be in the crosshairs to have their rating withdrawn if figures filed for full-year 2021 fall short of expectations.
https://t.co/HzZLzDBEEp
In the last 3 weeks, 4 Florida homeowners insurance companies have told regulators they can’t continue writing coverage…3 have stopped totally and one non renewing over 50k, this is just beginning. How many more will pull back before the legislature puts for a comprehensive plan