In March 2024, the Florida Legislature enacted several significant property insurance reforms aimed at enhancing consumer protection, improving disaster preparedness, and stabilizing the insurance market. These changes, effective July 1, 2024, are particularly relevant for homeowners in coastal areas like…
At Singh Insurance & Financial Services, we are dedicated to keeping our clients informed about the ever-changing landscape of the insurance industry. This past year has been transformative for Florida’s insurance market, thanks to significant efforts spearheaded by the Florida…
Florida Insurance Commissioner Mike Yaworsky is encouraging policyholders to reach out directly to the Office of Insurance Regulation if consumers impacted by recent storms receive a notice of nonrenewal or notice of cancellation that may have taken or will take…
USAA joins Progressive, State Farm and several other national carriers in affirming its commitment to Florida policyholders following 2023 reforms. ~ After Hurricanes Helene and Milton made landfall along Florida’s coast, Insurance Commissioner Michael Yaworsky announced additional encouraging developments related…
During a recent property insurance special session, Governor Ron DeSantis, SenatePresident Kathleen Passidomo, House Speaker Paul R enner, and the bill sponsors, Senator Jim Boyd, Representative Tom Leek, and Representative Bob Rommel, championed reform legislation that increases consumer choice and…
Hey everyone, it’s Michael from Singh Insurance and Financial Services, bringing you the latest information on Florida’s property insurance scene. Strap in, because there’s a lot to unpack in this week’s Property Insurance News. Let’s start with some positive vibes:…
Before the start of the 2024 Legislative Session, the governor, House speaker, and Senate president set expectations that there would not be much interest in pursuing additional insurance reforms. Following four years of significant insurance reforms, Florida’s legislative and executive…
*Information from our partners at FAIA published on 2/16* Although week six saw many insurance bills move through the committee process, the higher-profile insurance bills did not see any measurable movement. For some, this could be concerning at this point…
Let’s delve into the details of Senate Bill 2-A in Florida and its key reforms aimed ataddressing challenges in the state’s home insurance market: Claims Filing Deadline:● Previous Regulation: The bill reduces the deadline for filing new orreopened insurance claims…
