Florida Fix Puts More Risk on Homeowners
Florida changed how the legal system applies to insurance companies, making it more onerous for homeowners to use the courts to challenge denied claims or low payouts. That has emboldened insurers to limit payouts on claims, according to critics as well as current and former employees at three different private homeowner insurance companies within the state.
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An Expanding Landscape
Liability risk is evolving rapidly for affluent families and the offices that protect them. Consider the case of a Chicago family who believed that their insurance program was ironclad until a longtime household employee slipped on an icy walkway, filing a lawsuit that spiraled into a multimillion-dollar settlement. Their umbrella policy did not apply, leaving them exposed to costs and reputational damage that could have been avoided with the right coverage.
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Pennsylvania Regulators Flex
The Pennsylvania Insurance Department blocked rate requests from property and casualty insurers totaling $227.9 million in additional premiums during 2025. The accelerated pace of rejections signaled a more muscular approach from regulators, with the department scrutinizing rate filings across multiple coverage lines.