Page 63 - Mark Friedlander News Today

With Florida’s re/insurance market potentially just one major storm away from collapse, an Intelligent Insurer panel hammers out what needs to happen to make a real difference and, spoiler alert, Citizens is not their final answer.

Federal mortgage exec told institute they had not confirmed backing for initiative

Orderly run off plans could be in jeopardy, warns institute spokesperson

On Thursday, yet another insurance company announced it would be leaving the state of Florida.

With rapid population growth, experts say damages of a category 5 hurricane could be up to four times as costly as 30 years ago.

Citizens Property Insurance Corporation hit 1 million policies for the first time in nearly a decade as rates will soon increase for policyholders.

In-depth analysis and perspectives on the issues, people and ideas that define Florida. Statewide coverage of top economic sectors and industries.

Fannie Mae and Freddie Mac are mum on whether a temporary solution from Florida officials to support downgraded home insurance firms will pass muster for the enterprises' underwriting exceptions.

Insurer-rater Demotech didn’t downgrade as many insurers as feared, and some it did downgrade brought scores up. Main fear now: A rough hurricane season.

Florida's insurers were able to get their claims-paying capacity in order before the peak of hurricane season. But if more than one storm hits, all bets are off.