Insurance Commissioner Jim Donelon's request to fast-track funding for an incentive program was rebuffed by state lawmakers this week, leaving the effort in limbo until the next legislative session starts in April.

Florida Gov. Ron DeSantis on Friday signed legislation providing hurricane relief assistance and moving to shore up the state's property insurance market in the wake of Hurricanes Ian and Nicole this year.

While the '25% rule' has been in the Florida Building Code (FBC) for many years, recent legislative changes, specifically within Senate Bill 4-D (2022), have clarified and/or changed the way this specific code section on existing roofing is to be applied.

Florida's insurance commissioner submitted his letter of resignation Thursday, a day after the Legislature made major changes to the state's troubled property insurance market.

Florida's property insurance reform bill has now been passed by the state Senate in a 27 to 13 vote that was along mostly party lines.

Insurance groups argue that new laws in California and New Jersey that raise the minimum auto liability coverage required for drivers may cause price-sensitive consumers to drop their coverage.

Florida legislators have a crisis to tackle this week as they convene for a special session in an attempt to fix the state's homeowners insurance problems.

In 2015, State Farm's CEO earned $13.3 million overseeing America's largest property insurance company. That same year at Tampa-based Heritage Insurance Holdings, one of numerous small Florida-based homeowners insurance companies, its CEO made $27.3 million -- despite overseeing 0.3% of the number of policies and accounts of State Farm.

Florida-based insurance companies have been going out of business the last few years or raising rates by double-digits. Industry groups and Gov. Ron DeSantis have blamed excessive litigation, and Republican legislators are poised this week to limit the incentives to sue insurers.

DBRS Morningstar released a commentary titled 'Imprecise Policy Wording Could Lead to Costly Insurance Claims Litigation and Regulatory Intervention,' which discusses the importance of having clear, unambiguous insurance policy wording to protect both policyholders and insurers.

On July 26, Brandon Jones's St. Louis home was hit by major flooding for the second time since 2008, when he moved in. Cars were barely visible under several feet of turgid storm water, as record rainfall fell on the city.

Lawmakers in South Carolina have filed three bills in the last week that would make post-traumatic stress disorder a compensable illness for first responders.

During a press conference Monday, New Jersey Senate majority leader Terea Ruiz told a joke about her parents to underscore why she thinks car insurance companies shouldn't be allowed to determine someone's premium rate based on their education level.

New York Gov. Kathy Hochul has requested the state's Department of Financial Services (DFS) issue temporary permits to qualified, out-of-state insurance adjusters to help speed the claims process along for those who were impacted by the November 2022 storm.

We have written here before about the dreadful state of the property insurance market in Florida. A proof of concept was definitely not needed, but Hurricane Ian provided it anyhow. Insured losses from Ian have been estimated at between $28 billion and $47 billion; add uninsured losses and estimates balloon to $70 billion.

Wildfire-savvy homeowners in California soon will pay lower insurance rates for taking steps to protect their properties from infernos made worse by climate change.