Property Insurance - Insurance Industry Brief

Examinations Under Oath in New York Property Insurance Claims

Property Insurance Coverage Law

JANUARY 23, 2025

When navigating contested property insurance claims, insured parties may receive a request from their insurer for an Examination Under Oath (EUO). It is a formal proceeding, not unlike a deposition, where an insured is required to answer questions under oath about their insurance claim.

Property Insurance

Property Insurance Insurance Claim Claim Insured

Florida Legislators to Investigate Whether Property Insurers Used Accounting Tricks to Hide Profits

Property Insurance Coverage Law

MARCH 5, 2025

A new investigation into Floridas property insurance industry is set to begin, raising significant questions about insurer profitability, financial transparency, and the true reasons behind skyrocketing premiums for policyholders.

Property Insurance

Property Insurance Policyholder Premium Insurance Industry

When Does Property Insurance Coverage Start? Only After You Move Into the Home?

Property Insurance Coverage Law

MARCH 4, 2025

AmGuard took the position that the new homeowner had no coverage because she was not living at the premises when she purchased the policy … The post When Does Property Insurance Coverage Start? appeared first on Property Insurance Coverage Law Blog. Only After You Move Into the Home?

Property Insurance

Property Insurance Insured Insurance Insurer

Viewpoint: California’s Property Insurance Crisis And The Path to Reform

Insurance Journal

MAY 29, 2025

California’s property insurance market remains in turmoil, exacerbated by escalating wildfire risks, insurer withdrawals, and systemic shortcomings in the state’s safety netthe California FAIR Plan.

Property Insurance

Property Insurance Premium Insured Insurance

Expert Witness Testimony and the Lack of It Can Lose Property Insurance Cases

Property Insurance Coverage Law

JULY 3, 2025

After a protracted claims and litigation process, the dispute centered not on whether damage occurred, but whether … The post Expert Witness Testimony and the Lack of It Can Lose Property Insurance Cases appeared first on Property Insurance Coverage Law Blog.

Property Insurance

Property Insurance Property Damage Damage Insurance Claim

Two More Insurers Enter Florida Market as Hurricane Season Warms Up

Insurance Journal

JUNE 29, 2025

Two more property insurers have put their toes in the Florida market this summer, bringing to 14 the number of new carriers in the state since 2023. It’s another sign that legislative discouragement of claims litigation has made a difference …

Property Insurance

Property Insurance Claim Insured Insurance

Florida OIR Approves Smaller Average Rate Increases for Citizens This Year

Insurance Journal

FEBRUARY 9, 2025

Just as many Florida property insurers had hoped to see a boost to the private market with a maximum rate increase for Citizens Property Insurance Corp., state regulators have slashed the rate hike by more than half. After an unusually …

Property Insurance

Property Insurance Insurer Insured Insurance

Florida Premium Written up by a Third, Average Premiums Up by 40% Since 2022

Insurance Journal

JUNE 16, 2025

Newly posted data from Florida regulators show that, in the last three years, the number of property insurance policies in the state has risen only slightly while direct premium written and average premiums have climbed significantly. The first-quarter 2025 data …

Premium

Premium Property Insurance Insurance Policy Policy

Markets/Coverages: MGA Aurora Launches Lloyd’s-Backed Property Insurance Offering

Insurance Journal

JUNE 11, 2025

Aurora, the London-based digital managing general agent, has launched a property owners insurance product, aiming to enhance the way brokers access and place property risks. The new product, backed by Lloyd’s, leverages Aurora’s digital insurance platform and real-time data enrichment …

Property Insurance

Property Insurance Broker-Agent Agents Broker

After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says

Insurance Journal

MAY 29, 2025

After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report this week. The firm examined 45 …

Underwriter

Underwriter Underwriting Personal Property Property Insurance

Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating

Insurance Journal

FEBRUARY 3, 2025

Brand new Florida home insurer Mangrove Property Insurance Co. a financial analysis firm that specializes in rating regional and specialty insurers. As previously reported by Insurance Journal, … has received a Financial Stability Rating (FSR) of “A, Exceptional” from Demotech, Inc.,

Home Insurance

Home Insurance Property Insurance Insured Insurance

The Jay Feinman Interview: Are Courts Letting Insurers Get Away with Bad Faith?

Property Insurance Coverage Law

JUNE 25, 2025

That might sound like an exaggeration or sour grapes, but as Feinman and decades of legal scholarship … The post The Jay Feinman Interview: Are Courts Letting Insurers Get Away with Bad Faith? appeared first on Property Insurance Coverage Law Blog.

Property Insurance

Property Insurance Claim Insured Insurance

Florida’s DOAH Arbitration Disaster: How the Legislature Gave Citizens a License to Steamroll Policyholders

Property Insurance Coverage Law

APRIL 10, 2025

In 2023, the Florida Legislature made a catastrophic mistake that is now hurting thousands of Floridians.

Policyholder

Policyholder License Property Insurance Insurer

Public Adjusters Decry Florida Citizens’ New Plan That Keeps Their Names Off Checks

Insurance Journal

JUNE 22, 2025

In the long conflict between insurance carriers and public claims adjusters, Florida’s Citizens Property Insurance Corp. has unexpectedly altered the rules of engagement in a way that could have a big impact on some adjusters’ livelihood. And a public adjuster …

Insurance Carrier

Insurance Carrier Property Insurance Claim Insurer

Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes

Insurance Journal

MARCH 5, 2025

Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures. And bills filed before the 2025 Legislature began this week also would require executive pay disclosure by carriers, along …

Insurance Industry

Insurance Industry Property Insurance Insured Insurance

The 12th New Property Insurer, Apex Star Reciprocal, Enters Florida Market

Insurance Journal

APRIL 7, 2025

Florida’s insurance commissioner on Monday announced another entry into the warming waters of the Florida property-casualty market the 12th new insurer in the last two years. Apex Star Reciprocal Exchange is part of Starlight Insurance Group, based in New …

Property Insurance

Property Insurance Insured Insurance Insurer

WV Commissioner Posts Guidelines on Insurers’ Use of Aerial Images

Insurance Journal

APRIL 28, 2025

After receiving multiple inquiries about the use of aerial images in property insurance nonrenewals, West Virginia’s insurance commissioner has posted guidelines for insurers’ use of the technology. In a bulletin this month, Commissioner Allan McVey reminded insurance companies that aerial …

Property Insurance

Property Insurance Insured Insurance Insurer

Alabama DOI Encourages Insurers to Use More Than Drones in Nonrenewals

Insurance Journal

JUNE 19, 2025

Alabama’s insurance commissioner this week urged property insurers to be judicious in the use of drones and aerial imagery in making nonrenewal decisions, but stopped short of issuing new regulations. “If an insurer uses aerial imagery as a basis for …

Property Insurance

Property Insurance Insured Insurance Insurer

Florida’s DOAH Arbitration Disaster: How the Legislature Gave Citizens a License to Steamroll Policyholders

Property Insurance Coverage Law

APRIL 10, 2025

In 2023, the Florida Legislature made a catastrophic mistake that is now hurting thousands of Floridians.

Policyholder

Policyholder License Property Insurance Insurer

Father, Two Sons Charged With Defrauding North Carolina Insurer of Last Resort

Insurance Journal

JUNE 23, 2025

North Carolina authorities have charged a 65-year-old man and his two sons with insurance fraud for allegedly submitting false and exaggerated claims to one of the state’s property insurers of last resort. William Andrews Sr., of Elon, and his sons …

Property Insurance

Property Insurance Claim Insured Insurance

Understanding Leadership from Inside the Insurance Claims Machine: Reflections on Mike Fiato’s Vision

Property Insurance Coverage Law

MAY 13, 2025

He is a person whose leadership and messaging offer a compelling look into how large insurers publicly … The post Understanding Leadership from Inside the Insurance Claims Machine: Reflections on Mike Fiatos Vision appeared first on Property Insurance Coverage Law Blog.

Insurance Claim

Insurance Claim Claim Property Insurance Insurance Industry

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Property Insurance Coverage Law

MARCH 18, 2025

Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Policyholder

Policyholder Risk Property Insurance Insurance Companies

Should Congress Enact a Federal Unfair Claims Practice Law? A Question That Needs Serious Consideration Following Congressional Investigation

Property Insurance Coverage Law

MAY 16, 2025

With photos of collapsed breezeways, stories of children sleeping on floors after insurers not paying, and property insurance adjusters essentially confessing to being neutered … The post Should Congress Enact a Federal Unfair Claims Practice Law?

Claim

Claim Policyholder Property Insurance Insurance Industry

New Oklahoma Law Limits Post-Loss Assignment of Benefits on Property Damage

Insurance Journal

JUNE 13, 2025

Oklahoma lawmakers this legislative session passed a bill limiting post-loss assignment of benefits for property damage under auto, residential or commercial property insurance policies. House Bill 1084 prohibits the solicitation or acceptance of an assignment of any post-loss insurance benefit …

Property Damage

Property Damage Damage Commercial Property Commercial

When Vandals Trigger the Sprinklers: The Battle Over Resulting Losses

Property Insurance Coverage Law

JUNE 3, 2025

Instead, it was a lawsuit that put the scope of all-risk commercial property insurance under scrutiny. Lexington Insurance Company, 1 recently decided by an Ohio … The post When Vandals Trigger the Sprinklers: The Battle Over Resulting Losses appeared first on Property Insurance Coverage Law Blog.

Commercial Property

Commercial Property Property Damage Property Insurance Commercial

Florida Citizens Moves to Have Commercial Claims Disputes Decided by DOAH

Insurance Journal

JUNE 25, 2025

Three years after Citizens Property Insurance Corp. made the unprecedented move to resolve many of its residential claims disputes through a state agency instead of through litigation, officials are now planning to send some commercial claims down that same path.

Commercial

Commercial Claim Property Insurance Insurer

Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim

Property Insurance Coverage Law

FEBRUARY 3, 2025

We have battled insurance companies, co-counseled on cases, and discussed property insurance case law at a depth most … The post Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim appeared first on Property Insurance Coverage Law Blog.

Damage

Damage Claim Policyholder Property Insurance

Florida Adjusters Beware: Failure to Follow Estimating Rule 69BER24-4 Can Jeopardize Your License

Property Insurance Coverage Law

APRIL 23, 2025

Public adjusters and all property insurance adjusters working in Florida need to take notice. A public adjuster recently asked me whether it was … The post Florida Adjusters Beware: Failure to Follow Estimating Rule 69BER24-4 Can Jeopardize Your License appeared first on Property Insurance Coverage Law Blog.

License

License Property Insurance Risk Insurer

Depreciation of Labor: Alaska Says Don’t Do It

Property Insurance Coverage Law

JUNE 27, 2025

A new Alaska law explicitly makes it illegal to depreciate the expense of labor in residential property insurance claims unless very specific conditions are met. Section 89 of Senate Bill 132 adds a new statute to the Alaska Insurance Code: Sec. Depreciation of labor.

Property Insurance

Property Insurance Insurance Claim Claim Policy

Should You Accept Your Insurer’s Initial Wildfire Payout?

Property Insurance Coverage Law

JANUARY 31, 2025

For example, a homeowner … The post Should You Accept Your Insurers Initial Wildfire Payout? appeared first on Property Insurance Coverage Law Blog. For policyholders who have suffered total losses of their homes, many are being offered differing amounts of their Dwelling benefits.

Policyholder

Policyholder Property Insurance Policy Insured

Lawsuit Challenges Florida’s Citizens Claims Arbitration by Administrative Judges

Insurance Journal

JULY 14, 2025

A Miami homeowner is suing Florida’s Citizens Property Insurance Corp. for forcing him into arbitration over a 2024 damage claim dispute, claiming the process violates due process and equal protection rights. Stainton Williams, 92, contends the damage to his home …

Claim

Claim Damage Property Insurance Protection

Understanding Leadership from Inside the Insurance Claims Machine: Reflections on Mike Fiato’s Vision

Property Insurance Coverage Law

MAY 13, 2025

He is a person whose leadership and messaging offer a compelling look into how large insurers publicly … The post Understanding Leadership from Inside the Insurance Claims Machine: Reflections on Mike Fiatos Vision appeared first on Property Insurance Coverage Law Blog.

Insurance Claim

Insurance Claim Claim Property Insurance Insurance Industry

Why Shouldn’t Insurance Executives Disclose Their Pay?

Property Insurance Coverage Law

FEBRUARY 20, 2025

It also demands transparency … The post Why Shouldn’t Insurance Executives Disclose Their Pay? appeared first on Property Insurance Coverage Law Blog.

Compensation

Compensation Property Insurance Insured Insurance

Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer Affiliate Profits

Property Insurance Coverage Law

APRIL 4, 2025

Yesterdays testimony before the Florida House Insurance & Banking Subcommittee ripped the cover off a story thats been brewing for years: the Office of Insurance Regulation (OIR) under David Altmaier had a completed, paid-for, red-flag-waving report about insurer affiliate transactions showing hundreds of millions of hidden profits for the insurance (..)

Insured

Insured Insurance Insurer Property Insurance

Slide’s Exec Pay Leads to Questions About Florida Citizens’ Rate Model

Insurance Journal

JUNE 25, 2025

At Wednesday’s Board of Governors meetings, a Citizens Property Insurance Corp. committee voted to move ahead with the full, 15% average rate increase for personal lines in 2026 – the largest increase allowed under Citizens’ statutory glidepath. But two members …

Property Insurance

Property Insurance Insurer Insurance Insured

Florida Bill Would Limit AI in Claims Denials, Extend Bar on Execs, Raise Surplus Levels

Insurance Journal

MARCH 19, 2025

After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature. One of those bills, Senate Bill …

Insurance Carrier

Insurance Carrier Property Insurance Premium Claim

Built to Code—Not to Carrier Convenience. OID Has to Step in to Remind Insurers to Do the Right Thing

Property Insurance Coverage Law

JUNE 30, 2025

OID Has to Step in to Remind Insurers to Do the Right Thing appeared first on Property Insurance Coverage Law Blog. For many, that includes paying extra premiums for “ordinance or law” coverage, an important benefit that ensures repairs are completed in full compliance … The post Built to Code—Not to Carrier Convenience.

Property Damage

Property Damage Policyholder Premium Damage

Public Adjusting Needs Higher Entry Standards to Survive and Thrive

Property Insurance Coverage Law

JUNE 18, 2025

It’s a concern … The post Public Adjusting Needs Higher Entry Standards to Survive and Thrive appeared first on Property Insurance Coverage Law Blog. A topic that kept resurfacing was the ease with which one can become a licensed public adjuster.

License

License Property Insurance Insurer Insurance

Texas SB 458: What Homeowners and Drivers Need to Know About the New Appraisal Law

Property Insurance Coverage Law

JUNE 13, 2025

This new law mandates that all personal auto and residential property insurance policies in Texas include a binding appraisal clause, a move that restores and strengthens a key consumer protection tool.

Policyholder

Policyholder Property Insurance Insurance Claim Insurance Policy

What to Expect after a California Wildfire Property Damage Event

Property Insurance Coverage Law

FEBRUARY 11, 2025

The devastation from a California wildfire property damage event can leave individuals struggling to rebuild their … The post What to Expect after a California Wildfire Property Damage Event appeared first on Property Insurance Coverage Law Blog.

Property Damage

Property Damage Damage Property Insurance Claim

Illinois Appellate Court Holds That Causation is Part of the Appraisal Process

Property Insurance Coverage Law

MAY 15, 2025

1 This … The post Illinois Appellate Court Holds That Causation is Part of the Appraisal Process appeared first on Property Insurance Coverage Law Blog.

Property Insurance

Property Insurance Insurer Insurance Insured

Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders

Property Insurance Coverage Law

MARCH 13, 2025

1 At … The post Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders appeared first on Property Insurance Coverage Law Blog.

Policyholder

Policyholder Commercial Insurance Commercial Property Insurance

State Farm Loses Roof Water Damage and Bad Faith Trial

Property Insurance Coverage Law

JUNE 16, 2025

A Missouri jury found that State Farm Fire and Casualty Company acted in breach of its insurance policy and engaged in vexatious refusal to pay, awarding The Progress Project, LLC substantial damages.

Damage

Damage Commercial Property Commercial Property Insurance

State Farm Loses Roof Water Damage and Bad Faith Trial

Property Insurance Coverage Law

JUNE 16, 2025

A Missouri jury found that State Farm Fire and Casualty Company acted in breach of its insurance policy and engaged in vexatious refusal to pay, awarding The Progress Project, LLC substantial damages.

Damage

Damage Commercial Property Commercial Property Insurance

Examinations Under Oath in New York Property Insurance Claims

Florida Legislators to Investigate Whether Property Insurers Used Accounting Tricks to Hide Profits

Trending Sources

When Does Property Insurance Coverage Start? Only After You Move Into the Home?

Viewpoint: California’s Property Insurance Crisis And The Path to Reform

Expert Witness Testimony and the Lack of It Can Lose Property Insurance Cases

Two More Insurers Enter Florida Market as Hurricane Season Warms Up

Florida OIR Approves Smaller Average Rate Increases for Citizens This Year

Florida Premium Written up by a Third, Average Premiums Up by 40% Since 2022

Markets/Coverages: MGA Aurora Launches Lloyd’s-Backed Property Insurance Offering

After Years of Losses, Florida Insurers Saw Underwriting Profits in 2024, AM Best Says

Mangrove, Florida’s Newest Home Insurer, Receives Demotech Rating

The Jay Feinman Interview: Are Courts Letting Insurers Get Away with Bad Faith?

Florida’s DOAH Arbitration Disaster: How the Legislature Gave Citizens a License to Steamroll Policyholders

Public Adjusters Decry Florida Citizens’ New Plan That Keeps Their Names Off Checks

Investigations to Legislation: Florida Lawmakers Weighing Insurance Industry Changes

The 12th New Property Insurer, Apex Star Reciprocal, Enters Florida Market

WV Commissioner Posts Guidelines on Insurers’ Use of Aerial Images

Alabama DOI Encourages Insurers to Use More Than Drones in Nonrenewals

Florida’s DOAH Arbitration Disaster: How the Legislature Gave Citizens a License to Steamroll Policyholders

Father, Two Sons Charged With Defrauding North Carolina Insurer of Last Resort

Understanding Leadership from Inside the Insurance Claims Machine: Reflections on Mike Fiato’s Vision

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Should Congress Enact a Federal Unfair Claims Practice Law? A Question That Needs Serious Consideration Following Congressional Investigation

New Oklahoma Law Limits Post-Loss Assignment of Benefits on Property Damage

When Vandals Trigger the Sprinklers: The Battle Over Resulting Losses

Florida Citizens Moves to Have Commercial Claims Disputes Decided by DOAH

Brotherhood Mutual Hit With $35 Million Punitive Award on Roof Damage Claim

Florida Adjusters Beware: Failure to Follow Estimating Rule 69BER24-4 Can Jeopardize Your License

Depreciation of Labor: Alaska Says Don’t Do It

Should You Accept Your Insurer’s Initial Wildfire Payout?

Lawsuit Challenges Florida’s Citizens Claims Arbitration by Administrative Judges

Understanding Leadership from Inside the Insurance Claims Machine: Reflections on Mike Fiato’s Vision

Why Shouldn’t Insurance Executives Disclose Their Pay?

Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer Affiliate Profits

Slide’s Exec Pay Leads to Questions About Florida Citizens’ Rate Model

Florida Bill Would Limit AI in Claims Denials, Extend Bar on Execs, Raise Surplus Levels

Built to Code—Not to Carrier Convenience. OID Has to Step in to Remind Insurers to Do the Right Thing

Public Adjusting Needs Higher Entry Standards to Survive and Thrive

Texas SB 458: What Homeowners and Drivers Need to Know About the New Appraisal Law

What to Expect after a California Wildfire Property Damage Event

Illinois Appellate Court Holds That Causation is Part of the Appraisal Process

Clear Language Wins the Day: Court Rules Ambiguity Favors Policyholders

State Farm Loses Roof Water Damage and Bad Faith Trial

State Farm Loses Roof Water Damage and Bad Faith Trial

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