As meteorologists predict an unusually active Atlantic hurricane season, with 17 named storms, nine hurricanes, and four major hurricanes anticipated, it becomes imperative for homeowners and business owners to ensure they are adequately prepared. This forecast, based on research by Colorado State
California's property insurance market faces significant challenges, especially in high-risk areas prone to wildfires. The recent approval by California Insurance Commissioner Ricardo Lara to increase commercial property coverage limits under the California FAIR Plan Association aims to
The controversy and fallout surrounding Florida’s property insurance industry have intensified, leading to rigorous scrutiny by the Florida House's Insurance & Banking Subcommittee. A comprehensive report has put a spotlight on the industry by exposing questionable financial practices by i
The commercial property insurance market is undergoing significant transformation. Increasing natural disasters, stringent regulatory measures, and a challenging insurance environment are compelling property owners to rethink their strategies. This article explores how commercial property owners
In recent years, Florida has made significant strides in its lawsuit abuse reform efforts, aiming to curb excessive litigation, stabilize insurance markets, and reduce costs for its residents. Spearheaded by the Florida Legislature and Governor Ron DeSantis, these reforms have been instrumental in
Intensifying wildfires in California, exacerbated by human-caused climate change, have prompted significant challenges for homeowners in securing insurance coverage. With insurers withdrawing from the state, policies that had been stable fixtures for years are being terminated, leaving homeowners
