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Universal Insurance maintains Florida pricing strategy amid new competitors
Since 2022, more than 10 new insurers have entered Florida’s homeowners insurance market, a trend driven by recent legislative changes aimed at reducing litigation and fraud. Among the new entrants is Mangrove Property Insurance, Tailrow Insurance, Mainsail Insurance and Orange Insurance Exchange. Source link

Nat-cat protection gap has grown 65% over the past five years: Zurich
Regressive actions worsening the nat-cat protection gap While governments, companies, and individuals are taking action on the protection gap, risk management has been inconsistent, Mantero said. He cited high population growth rates in catastrophe-prone areas in the United States, such as Florida, where Hurricane Ian dealt significant inland flooding and damage to communities in 2022….

Rising health insurance costs strain small US businesses
Health insurance premiums in the US ​In 2024, the United States experienced a significant increase in health insurance premiums. The average annual premiums rose by 6%, reaching $8,951 for single coverage and $25,572 for family coverage. This uptick was primarily driven by escalating medical costs and heightened utilization of healthcare services. Source link

Liberty Surplus in court battle over course of construction exclusion clause
Background and dispute over coverage Kaufman was hired by JM Family Enterprises to build a corporate campus in South Florida. The project included multiple office buildings, a dining hall, a parking garage, and a central energy plant. By October 2020, some of the structures were completed, and JM Family had begun using them. However, additional…