Risk Management and Insurance Solutions

09/08/2024

08/10/2024

Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with only moderate rate increases and more availability.

But those calmer waters apparently have not reached the mobile home market, and Florida insurance agents are now reporting that higher reinsurance costs have forced at least one carrier to cancel coverage for mobile homes and manufactured homes. https://ecs.page.link/JidyN

07/19/2024

07/19/2024

07/17/2024

07/16/2024

07/03/2024

https://ecs.page.link/GP9yE Within the last five years, homeowners’ insurance premiums have spiked by 34% nationwide, with 61% of homeowners reporting higher rates in the previous 12 months and over one in 10 saying their premium has doubled or more than doubled, according to https://ecs.page.link/qRvdf’s recent survey of 1,500 homeowners. Nearly one in four (23%) say they have cut back on other expenses, including dining, travel, groceries, and medications to pay for home insurance coverage. https://www.insurancejournal.com/news/national/2024/06/28/781647.htm

12/24/2023

This is true, however Ricardo Lara’s inability to pass reasonable rate increases in a timely fashion is the reason insurers are slowing down the ability to procure coverage. Let’s assign blame where it’s most warranted. The CA state regulators who control the insurance marketing CA, caused this disaster, or certainly are attributed the majority of the blame.

California Insurance Commissioner Ricardo Lara issued an official notice to insurers regarding consumers who have been reporting issues obtaining auto

10/12/2023

Nearly two months after the deadly Maui wildfires, Hawaiian Electric Co. revealed the limited scope of insurance coverage it holds in the face of

08/28/2023

Shouts, shoves and chaos broke out and police had to be called when condominium owners in Pembroke Pines, Florida, objected to being shut out of an