Homeowners' insurance

Excessive litigation costs and continued losses threaten the Sunshine state’s market.

Forecasters have again predicted an active season for storm activity, with the Florida market particularly vulnerable to high cat activity.

Inside P&C’s news team takes you through the key developments from the week.

The bills passed the House and Senate floors this week.

The proposed Florida special session Senate bills 2-D and 4-D have overwhelmingly passed the house floor and will now move to Florida Governor Ron DeSantis for signing.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The legislation aims to keep the homeowners market functional, but more change will be needed long term to make the Sunshine State an attractive place for insurance capital.

State representatives will vote on the bill on the House floor tomorrow.

State senators will vote on the bill on the Senate floor tomorrow.

Litigation reform is expected to be a priority in the special session, while Florida Hurricane Catastrophe Fund expansion is also on the cards.

Florida-based Universal sees 6.1% drop in policies in force; challenging claims environment pressures underwriting profit.

The company cited its continued Q1 2022 underwriting losses and recent rating downgrade.