INSURASALES

Tag: Florida

Florida Tort Reform Revitalizes Property Insurance Market, Reports Gallagher Re

Gallagher Re's report details how 2022-23 Florida tort reforms have improved property insurance market stability by reducing litigation costs and enhancing insurer profitability.

FL Appeals Court Clarifies Replacement Cost Damage Claims in Property Insurance Breach

Florida appeals court rules on replacement cost versus actual cash value in property insurance breach cases, clarifying insurer obligations and policyholder remedies under homeowner policies.

Southwest Florida's SHINE Program Supports Medicare Beneficiaries During 2025 Open Enrollment

AAASWFL's SHINE Program offers free Medicare counseling for Southwest Florida beneficiaries during the 2025 Open Enrollment Period, facilitating informed insurance decisions and fraud awareness.

Florida Approves Two New Property Insurers as Market Competition Grows

Florida approves two new property insurers, Stand Insurance Exchange and Praxis Reciprocal Exchange, expanding competition and contributing over $574M in surplus. Policy transfers from Citizens Property Insurance signal market reforms and rate stabilization in Florida's property insurance sector.

Florida Lawmaker Proposes Eliminating Property Taxes with New Revenue Model

Florida state Rep. Ryan Chamberlin introduces a plan to eliminate property taxes, replacing revenue with real estate and travel transaction fees, plus targeted school taxes.

Florida Vaccine Mandate Changes and Insurance Coverage Amid Regulatory Shifts

Florida's regulatory changes to vaccine mandates raise insurance coverage concerns. AHIP confirms continued vaccine payment adherence to ACIP guidelines amid state policy shifts.

Florida Sees One of the Highest Teen Driver Insurance Rate Increases

Florida experiences an average 84% increase in auto insurance premiums when adding teen drivers, impacting family budgets and licensing trends. Discover cost management strategies and market insights.

Florida Insurance Regulators Issue $2.075M in Fines Over Hurricane Claims

Florida insurance regulators fined eight companies $2.075 million for claims handling violations after Hurricanes Ian and Idalia, reinforcing market accountability amid sector recovery.

Florida Blue and Memorial Healthcare Contract Dispute Affects 31,000 Members

Florida Blue and Memorial Healthcare's contract dispute renders 31,000 members out of network in Broward County, impacting access across commercial, ACA, and Medicare Advantage plans amid reimbursement rate disagreements.

Florida Faces Health Insurance Crisis as ACA Tax Credits Expire in 2025

Florida risks a major health insurance crisis as ACA premium tax credits expire in 2025, threatening coverage for millions and increasing premiums significantly, especially in Miami-Dade.