INSURASALES

Tag: Florida

Florida Auto Insurance Costs Drop in 2025 but Remain Among Highest Nationally

Florida saw a 9% drop in auto insurance premiums in 2025 but remains the second most expensive state. Rising repair costs and climate risks keep premiums high.

Florida Property Insurance Sees Rising Premiums Despite Stable Policy Counts

Florida's property insurance market shows rising premiums driven by construction and reinsurance costs despite stable policy counts following litigation reform legislation.

Florida Appeals Court Limits Use of Claims Handling Delays in Insurance Dispute Trials

Florida's 4th District Court of Appeals rules limiting references to claims handling delays in insurance disputes, emphasizing compliance with documentation over bad faith allegations.

Slide Insurance CEO Compensation and Premium Increases Spotlight Florida Insurance Market Reforms

Slide Insurance's IPO prospectus reveals $50 million executive payouts and premium hikes amid Florida insurance reforms impacting Citizens policy takeouts and market competition.

Florida Healthcare Cybersecurity Breaches Expose Millions of Patient Records

Recent data breaches in Florida's healthcare sector have exposed millions of patient records, emphasizing urgent cybersecurity investment and enhanced defenses against phishing and fraud.

Florida Real Estate Faces Structural Downturn Amid Rising Climate-Driven Insurance Costs

Florida's housing market downturn is exacerbated by rising insurance premiums and condo fees linked to extreme weather, signaling a structural shift in real estate economics related to climate risks.

Volusia County Schools Switches to Curative for $153M Health Insurance Contract

Volusia County Schools awards $153M health insurance contract to Curative, shifting focus to preventative care with $0 copays, impacting 6,300 employees.

Florida Hurricane Catastrophe Fund Maintains Strong Position Ahead of 2025 Season

The Florida Hurricane Catastrophe Fund remains financially strong for the 2025 hurricane season, providing crucial reinsurance support to private insurers amid market challenges.

AM Best Hosts Briefing on 2025 Florida Property Insurance Market

AM Best to present a 2025 briefing on Florida's property insurance market amid active hurricane season forecasts. Industry experts to discuss market dynamics and regulatory factors.

Florida Court Upholds Insurer's Right to Enforce Managed Repair Clauses

Florida appellate court ruling reinforces insurers' rights to enforce managed repair provisions in homeowners insurance policies, setting a key legal precedent.