PIFF’s goal is to ensure a dynamic, efficient and competitive marketplace for personal insurance products for the benefit of all Floridians. Simply put, PIFF supports policies that protect and enhance the health of the consumer property & casualty market in Florida.  We believe that consumers should have the best choice  – in terms of price, product, and insurer – in the Florida marketplace.  Here you will find news and information that will inform you about the state of Florida’s insurance industry, the health of the markets, and national trends that may impact you.

MARKETPLACE NEWS

FEMA proposal could require higher damage costs for response

weartv.com by Jackalyn Kovac Wednesday, May 3rd 2017 PENSACOLA, Fla. (WEAR) — Some beach homeowners believe an increase to Federal Emergency Management Agency (FEMA) damage threshold that could mean the end of coastal living for a lot of people in Northwest Florida. The agency wants states to pick up a bigger share of the damage costs…

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Stunning 92% of drivers use phone, Fla. gets study’s 2nd worst score

Palm Beach Post Charles Elmore, April 12, 2017   Forget what people say. It’s what they really do behind the wheel that matters. A study released today suggests 92 percent of U.S. drivers with cell phones have used them while moving in a car in the past 30 days and Florida gets the nation’s worst score for such…

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Florida second-worst state for distracted driving, study says

Sun Sentinel, April 12, 2017 Wayne K Roustan   Florida ranks second only to Louisiana for distracted driving, according to a study released Wednesday. Drivers were scored on data gathered through the EverDrive motion-sensing app. It measured speeding, sudden acceleration, aggressive turning, hard braking and other movement while the driver’s phone was being used. It…

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Florida Property Insurers Largely Avoid Downgrades, For Now: Demotech

Ratings company Demotech is holding off on issuing large-scale ratings downgrades of Florida property insurers for now, after a number of insurers heeded its warning and boosted their claims reserves and policyholder surplus. The Insurance Journal article notes that the ratings firm said it is also monitoring three insurers — Prepared, Mount Beacon and Elements— that have…

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Florida scientists fear hurricane forecasts, climate research will suffer under Trump

A growing chorus of scientists is raising the alarm over reports of Trump administration budgets cuts that would affect climate change research and hurricane forecasting. The Miami Herald article reports that 32 Florida scientists voiced concerns over cuts to NOAA, since budget cuts would affect the network of satellites that help scientists understand weather threats…

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Opinion: The Insurance Industry’s Image Problem & How They Can Fix It

Insurance Journal The insurance industry has an image problem. That is probably not really breaking news to anyone reading this, but it’s an important topic to discuss and one the industry can address and, believe it or not, an issue that can be resolved. The Florida Chamber of Commerce’s 2017 Florida Insurance Summit held in…

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Demotech Suspends Florida Insurer Rating Criteria; Says Downgrades Coming

Recent Florida Supreme Court decisions and ongoing abuse in Florida’s insurance market have led a ratings company to change the criteria it uses when rating insurers in the state. The announcement comes as insurers get ready to announce their 2016 annual reports that could indicate unfavorable results for many. Ohio-based Demotech — which rates 397…

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Florida Chamber Insurance Summit Generates News

If you missed the Florida Chamber Insurance Summit, February 1-3, 2017, read the news that was generated about rising property insurance rates, PIP, workers comp and so much more.   South Florida’s leaky pipe problem poses risk to homeowners insurance By Mary Ellen Klas, and as reported in the Tampa Bay Times   Five Things You Need…

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State Insurance Commissioner Addresses FL Chamber

DAYTONA BEACH – It’s not uncommon for plumbers called in to fix a broken pipe to ask a homeowner to sign an assignment of benefits form before making repairs. Faced with the immediate need, many agree to sign, which transfers the right to file an insurance claim to the plumber.  In most cases, there is nothing…

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Supreme Court Backs Insurer on ‘PIP’ Medical Fees

News4Jax – Jim Saunders, News Service of Florida TALLAHASSEE – In a defeat for medical providers, a divided Florida Supreme Court on Thursday sided with Allstate Insurance Company in a dispute about fees paid to care for auto-accident victims. The 4-3 ruling focused on the personal-injury protection insurance system and attempts by Allstate to reimburse…

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