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 insurers,
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
As technology evolves, the use of artificial intelligence (AI) in various sectors becomes increasingly prominent, raising significant questions about its applications and potential limitations. The state of Florida is considering a proposed bill, SB 794, to prohibit the exclusive use of AI in
The small community of Kayenta, Utah, recently found itself grappling with a surprising and disturbing trend: major insurance companies are dropping homeowners coverage in the area. This move has come as a shock to many residents, particularly because Kayenta has experienced little to no
