FL Insurers Dropping Over 50,000 Polices to Remain Afloat: The Florida Office of Insurance Regulation has issued consent orders allowing three insurers to drop thousands of personal residential policies to try to remain solvent. Universal Insurance Co. of North...
Majority of Insurers No Longer Waiving Copays for COVID-19 Hospitalization: Seventy-two percent of the two largest insurers in each state are no longer waiving cost-sharing requirements for COVID-19 hospitalizations as they were early in the pandemic, according...
Just-Signed Insurance Reform Bill Already Working in FL: A bill ( SB 76 ) reforming property insurance and roofing contractor practices in Florida was just signed into law by Gov. Ron DeSantis (R) on June 11 and won’t officially take effect until July 1...
Cyber Insurers Toughening Policy Requirements : Cyber policies are relatively new to the insurance business. But over the past decade the cyber insurance sector has taken off, with premiums more than doubling between 2015 and 2019 , from $1.4 billion to $3.1...
Will Cyber Insurers Stop Reimbursing for Ransomware Payouts?: For a while now the prevailing wisdom in the cyber insurance industry has been that victims should just pay off the hackers and seek reimbursement from their insurer because it’s just less costly...