Florida court makes major ruling on insurance market

Experts concerned over last-ditch insurance option gaining traction in new market: '20 years ago ... it was kind of a dirty word'

With rising global temperatures supercharging extreme weather events, desperate homeowners are resorting to non-admitted insurance policies.  According to a Bloomberg investigation, the number of non-admitted homeowner policies has grown significantly, leaving experts concerned. What's happening? One of the dark realities of rising global temperatures is more frequent and powerful storms. Homeowners across the U.S. are now bearing the brunt of …

Florida court makes major ruling on insurance market

A Florida court of appeals issued a ruling backing lawmakers' efforts to curb excessive litigation in the state.

Will Florida Court Ruling End Homeowners Insurance Crisis?

A Florida appeals court made a significant ruling in early January 2025 that will impact the state's under-pressure homeowners insurance market, which some observers believe is in crisis.The court ruled that a "direction to pay" (DTP) by a policyholder does not by itself represent an "assignment of benefits" (AOB), upholding the Florida Senate's Bill 2-A in 2023.Bill 2-A prohibited Florida's long-standing practice of assigning benefits to anothe…

Florida Court Makes Major Ruling on Insurance Market

A Florida court of appeals ruled last week that a "direction to pay" (DTP) by a policyholder does not, by itself, represent an "assignment of benefits" (AOB), in a decision that reiterates lawmakers' attempts to end a culture of excessive litigation in the Sunshine State. The decision upheld a…