An appellate court in Florida has ruled that homeowners who repaired water damage to their home before filing a claim with their insurer could not recover their loss under their policy because they had prejudiced their...
Memorial Day weekend and hurricane season might not sound like they belong in the same sentence together, but recent years have shown us how the tropics can ruin the unofficial start of the summer. Two of the past six years...
The Florida Hurricane Catastrophe Fund (FHCF) is expected to target a renewal of its $1 billion layer of reinsurance coverage at the mid-year, but the attachment point of the layer is expected to drop down as the Fund...
The Florida Hurricane Catastrophe Fund has reserves enough to easily cover its Hurricane Irma liabilities — as much as $300 million in excess of its $17 billion statutory liability limit. But what happens if a major storm...
Gov. Scott announced this week that the Department of Economic Opportunity had submitted a plan that would see Florida use $616 million in federal disaster recovery funds to build new affordable housing and provide grants to...
Hurricane season is just around the corner, and the City of Tallahassee is encouraging residents to learn and prepare at a June 2 event. The fourth annual “Build Your Bucket” disaster preparedness expo will run from 9...
The Florida Hurricane Catastrophe Fund turns 25 this year. The Legislature created the official reinsurance pool after Hurricane Andrew caused more than $10 billion in residential losses — vastly more than was thought...
Chief Financial Officer Jimmy Patronis is trying to bring the public into his campaign to force disclosure of lobbying targeting Citizens Property Insurance Corp., Florida’s property insurer of last resort. Patronis wrote...
Colodny Fass shareholder Amy Koltnow obtained a significant appellate victory for insurers in De la Rosa v. Florida Peninsula Insurance Company, involving a late-reported water back-up claim. The trial court entered summary...
Expansion, greater diversification and focus away from Florida may have helped Heritage at its latest reinsurance renewal, which the firm says it has achieved at attractive pricing. Artemis.bm reports....