Florida moves to make mediation mandatory before property insurance lawsuits

Florida Moves To Make Mediation Mandatory Before Property Insurance Lawsuits

Florida Mandates Mediation for Property Insurance Disputes: New Bill Aims to Slash Lawsuits and Ease Homeowner Burdens Hurricane-ravaged roofs and denied claims have long fueled courtroom battles in the Sunshine State, turning simple repairs into multi-year ordeals. Now, Florida lawmakers are stepping in with a bold fix: mandatory mediation before any property insurance lawsuit can … Read more

Property insurance growth: Where US market value is concentrated for MGAs and wholesale brokers

Property Insurance Growth: Where Us Market Value Is Concentrated For Mgas And Wholesale Brokers

US Property Insurance Growth: Concentration of Market Value for MGAs and Wholesale Brokers The US property insurance market has seen robust but uneven expansion in recent years, driven by factors like inflation, rising insured property values, and catastrophe risks. From 2022 to 2024, growth was heavily concentrated in just a few states, creating prime opportunities—and … Read more

Florida court stops Security First from dodging attorney’s fees on old claims

Florida Court Stops Security First From Dodging Attorney’S Fees On Old Claims

In a win for Florida homeowners battling insurance companies over property damage claims, a state appeals court has ruled that recent legislative changes limiting attorney’s fees cannot be applied retroactively to policies issued before their effective date. This decision directly impacts Security First Insurance Co., a major player in Florida’s volatile property insurance market, preventing … Read more

Insurance USA News – Lead Poisoning: Your Health, Your Insurance Coverage

It was not that long ago when the water crisis in Flint, Michigan took place and residents worried about the lead content. For years, home and property owners and managers, as well as mortgage companies have known about lead risks. Recent studies about the metal exposure in many parts of the country have raised significant … Read more

Insurance USA News – Texas Property Insurance 101 – Do You Know Your Policy’s D…

For those posed with the question about their property deductible, most would laugh it off. “Me? Of course I know there is a deductible. What kind of fool do you take me for anyway?” Well, be surprised. Many folks just assume they know what kind of deductible comes along with their property policy. In states … Read more

Insurance USA News – What is Empty Property Insurance?

Any property can become empty at any time under many different circumstances. When a property is unoccupied a standard house insurance policy will only usually provide cover for up to 30 days. This is when one must obtain an empty property insurance policy to keep their asset properly insured against risks such as fire, storm … Read more

Insurance USA News – Renter’s Insurance – Should You Get It or Not?

Everyone is a renter at some point in life. Some start early, while others start late. Approximately 111 million (111,000,000) Americans rented in 2016. Of this number about 9 million were people under the age of 30, while 27 million were people between the ages of 30 to 65. Even among elderly people, about 6 … Read more