Tag: Florida insurance

Stand Insurance Raises $35M to Expand Homeowners Coverage in High-Risk Florida Market

Stand Insurance Raises $35M to Expand Homeowners Coverage in High-Risk Florida Market

Stand Insurance secures $35 million in Series B funding to expand homeowners insurance into Florida's high-risk catastrophe market. Focus on resilience, AI-driven underwriting, and property risk mitigation.

Florida Property Tax Offset Act Targets Rising Insurance Costs for Homeowners

The Florida Property Tax Offset Act proposes linking homeowners insurance premiums to property tax relief, aiming to ease rising insurance and tax burdens for full-time Florida residents and promote housing affordability.

Florida's Citizens Insurance Proposes First Rate Cut in a Decade

Florida's Citizens Property Insurance proposes its first rate decrease in 10 years, cutting premiums by 2.6% on average for noncommercial property insurance statewide, signaling market progress.

Florida Bills Propose Human Review Requirement for AI-Driven Claims Denials

Florida proposes legislation requiring mandatory human review of AI-influenced insurance claims denials, enhancing regulatory oversight and compliance in claims handling.

Florida Homeowners Face Insurance Challenges Amid Climate-Driven Market Shifts

Florida homeowners face rising insurance premiums and coverage challenges linked to climate risks and market shifts, highlighting the need for resilient building codes and insurance reform.

Florida Bill to Mandate Human Review of AI-Processed Insurance Claims Advances

Florida's HB 527 mandates human review of AI-processed insurance claims, expanding to workers' comp and HMOs, addressing accountability and regulatory oversight in claims adjudication.

Florida Enacts 2026 Insurance and Healthcare Reforms Enhancing Coverage and Oversight

Florida's 2026 laws introduce full coverage for breast exams, shorten insurance claim reimbursement periods, mandate fertility preservation benefits, and regulate pet insurance and animal cruelty databases.

Florida Insurance Market Stabilizes With Rate Relief and Regulatory Reforms

Florida's insurance market shows signs of stabilization with moderated property insurance rate hikes and significant auto insurance rebates driven by regulatory reforms.

Florida Insurance Market Stabilizes with Improved Consumer Relief and Auto Insurance Rebates

Florida's insurance market shows signs of stabilization with reduced rate hikes and significant auto insurance rebates, providing consumer relief amid ongoing property insurance cost concerns.

Stand Secures $35M Series B to Expand Resilience-Linked Property Insurance into Florida

Stand raises $35M to expand its resilience-linked property insurance model from California to Florida’s high-risk windstorm market, promoting mitigation-based coverage.