For wholesale brokers like Dennis Fox (pictured), who specializes in healthcare placements at Brown & Riding, the squeeze is palpable. A decade into the business, he’s juggling rising costs, evolving retailer relationships, and shrinking carrier appetite. From youth nonprofits to long-term care, placements are becoming more unpredictable.
Industry groups, however, warned the bill threatens the fragile recovery of Florida’s insurance market. Katelyn Ferry, representing the Florida Justice Reform Institute, argued the proposal could reverse recent progress. “Make no mistake: If this bill passes, it’ll eradicate Florida’s insurance market,” Ferry said. She credited previous reforms with curbing premium hikes and attracting new insurers…
For Hurricane Milton, insurers closed 81.7% of the 343,789 total claims filed across multiple lines, including personal and commercial property, auto, private flood, and business interruption, as of February 28. Of these, 35,043 claims remained open without payment, while 27,894 were still open with payment. Source link
Featuring Joe Courcy, Assistant VP, Group Benefits, CH Insurance For small business owners, navigating the complexities of group benefits can be overwhelming. Between compliance regulations, cost considerations, and employee expectations, offering a competitive benefits package often feels like a full-time job. That’s where CH Insurance steps in with BOOST—a locally designed and managed solution tailored…
The California Department of Insurance has been under pressure to stabilize the market, introducing new rules that allow insurers to factor in future climate risks when setting rates. However, these regulations have yet to take full effect, leaving insurers frustrated with a system that, they argue, does not allow them to charge premiums that reflect actual risk….
The sandbox’s entry requirements remain stringent. Applicants must submit a detailed technical and business plan, a $750 filing fee, demonstrate at least $25,000 in available funds, and provide extensive disclosures on financial backing and executive leadership. Crucially, innovations must offer consumer protections and pose “no unreasonable risk of consumer harm.” Source link
